New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises an approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.

TSXV:NFG - Post by User

New Found Gold Corp > NFG 2021 & 2023

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Comment by Retiredgeoon Apr 13, 2023 10:32am

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Post# 35392881

RE:RE:RE:NFG 2021 & 2023

Technical analysis is for established corporations with known metrics. Trying to apply it to penny mining/exploration stocks is an effort in futility. Until there is cash flow you are better off dividing metal value in the ground by the number of shares in circulation. There are no such metal value numbers as of this date, just speculation.

NFG is a speculative buy and will remain such for some time to come.

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