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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 Nov 10, 2023 11:13am
109 Views
Post# 35728429

RE:Something we can all agree on

RE:Something we can all agree onMy take is current weakness is gold below 1950 the awaiting the drilling to depth using seismic survey 
along with the financing and the plans for this money and wether it will add more value or not 
my guess is gold will trade much higher in the coming months they will drill to depth using the siemic and results will be as the company suspects they will be more high grade at depth similar to kirkland and fosterville this will add more value than money spent is my take 
then the decision wether to mine some of the high grade open pit near surface deposits they have discovered themselfs or not this will be a gold district discovery with many mines some open pit some underground by a number of players with purchases and agreements with newfoundgold in one way or another this is my take on this and yes if weakness continues in the very near term I will be adding to my position proably with a substantial purchase like I did at 4.06 to 4.09 don't think it will get that low but iam loaded and waiting to pull the trigger again 
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