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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

Post by Gangstermeon Jul 02, 2023 1:25pm
265 Views
Post# 35524243

Difficult but wait

Difficult but waitAs so many here I am following this stock on a daily bases. As a long term investor this does not make sense. 50 years ago when I first invested in an exploration company we did not have minute by minute updates and comments.

I will go back to that way of looking at things. Unless there is a new press release, nothing else matters. Furthermore, I will defer any decisions until the seismic results start to be published. The rest is just chatter and makes no difference to me. Come September when the results of the seismic work and the selling price of gold is known, the stock price will react. By the way, Sprott is in this to maximize his return, so he will only agree to a sell of he believes it is in his best interest, and, as shareholders this will also be in own best interests, unless you are a short seller. Have a great summer.
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