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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 Mar 03, 2024 9:46am
122 Views
Post# 35911876

RE:re 4.66

RE:re 4.66I don't think a TSE listing would make any difference at this point 99.% of jr gold stocks are listed on the Vancouver exchange not the Toronto exchange if they where already a mid tier or large producer could be merit to it but at this stage it just would add more listing  cost a lot more administration costs as well money and time better spent on de risking at this point .ssl as well as many others over the last 3 years are down as much as Nfg it is the sector that is out of favour not just one stock yes some are doing a little better than others .
If gold continues higher the whole sector will be lifted and follow golds lead .This unflavoured sector is the one to get into now that I agree with you but that also should include NFG if you want a Jr exploration company in your portfolio in my opinion .
Checking the charts I see resistance at 4.60 close also see a head and shoulder pattern from 4.10 to 4.60 that would give us a likely move to 4.60 possibly to 5.10:then we have a huge gap at 5.20 to 5.70 ish  If gold continues or holds its gains of last week it could propell us to these levels or possibly some results at depth could propell us to these levels and higher .Think your positive outlook on the sector iam surprised at your gloomy outlook for NFG at this point and time just my opinion and everyone needs to do thier own DUe Diligence I have and Iam glad to be adding more at these huge discounts 

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