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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 Jul 06, 2023 2:01pm
116 Views
Post# 35529606

RE:Mature story

RE:Mature storyI don't think it acting like a mature stock or story at all we are up over 60% from the 52 week low 
yes when it was a new story we hit 13.50 and gold was 2200 bottom line gold is weak and so are gold stocks an gold jrs once gold turns around which should be coming soon (aug-sept) entering start of stronger gold period gold stocks and gold jrs will follow gold up .Then we have pending drill results coming out should help NFG but the timing couldn't be better for the 3D siemic survey to be guiding the drilling this fall if it proves to be reliable and points to gold at  depth we could be multiples of where we are now .This I feel is a buying opportunity on weakness that is occurring in July 
NFG is developing what will be a gold district with a number of gold mines being built on this massive land package with some of them starting off as open pit gold mines then becoming Underground mines 
2023 will be a good year for NFG new zones discovered and more to come .
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