New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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

New Found Gold Corp > Short-term Pain in GDX / GDXJ, will NFG run on reversal?

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Comment by BladeMasteron Jan 11, 2024 3:39pm

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RE:Short-term Pain in GDX / GDXJ, will NFG run on reversal?

May take my position to 170k to 175k shares and i'll probably stop there

I've been fairly fortunate on timing this past year, currently hold 35k shares of U.UN (Sprott Physical Uranium Trust) @ $14.67 ACB, with +$500k unrealized gains, which has helped finance my conviction for NFG

Gold equities are set for a huge run short-term IMO and I fully intend to take advantage of the move

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@ the Bell: TSX advances to start off Christmas trading week