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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 jimmymacon Dec 07, 2023 6:16pm
248 Views
Post# 35774055

Now Let's See

Now Let's See
Recent pattern of issues that are performing as I might  expect under current circumstances:

NovaGold in the last month $5.47 up .50
Snowline  $4.90 UP .60
Hercules  $1.29 up .19
West Red Lake .76 up.16
Artemus $6.35 UP ,85

New Found Gold down about a dollar, and we know the most likely reason is the way
minor shareholdesr were besmirched by management in their decisions a year ago, and again
more recently to float charity flow through shares just when there was some momentum
building. each time.

The shares are not improving pricewise,because of the inevitable consolidation commensurate
with this method of financing.
Selling because of this, as well as tax loss selling, leads me to feel the shares will turn around
about December 20th.

The best performance by juniors is the period mid-Decomber to late April.

jimmymac
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