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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

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

Comment by Dixiedeeon Apr 30, 2023 6:21pm
139 Views
Post# 35421981

RE:RE:Re: Eh Dips

RE:RE:Re: Eh Dips

As you say your not a stock holder and that's your investment choice they are2/3 done a drilling program have much more pending results from already submitted cores have started the siemic 3 D survey in march should have some info in July on that program all of this is fully funded 
and yes the markets are volatile and yes there maybe a huge general market correction and this could be temporary headwind to all stocks at the start of it but then the defensive stocks with include gold should do well if this plays out but that is not why I own NFG because I think or hope for a recession or worst 

I own NFG because I believe they have a huge discovery here that will become very valuable and obvious to the industry in due course I believe the low of 5.60-5.70 is the low for the foreseeable future 
and if it temporarily went to that level or lower it would be on extremely low volume again like the last time it went there .I for one would look at that as a buying opportunity.Similar to when it went to 4.03 to 4.16 that was a very good buying opportunity which I loaded up on even thought some here where calling for it to go into the 3,s .
with each new drill result this project just continues to grow you can chose to watch from the sidelines and deny that these are meangful results or you  can take a position and participate in what could be a a discovery of historical proportion 
 

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