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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 Retiredgeoon May 28, 2024 7:49am
118 Views
Post# 36059901

RE:RE:RE:RE:Open Pit Mining Profile

RE:RE:RE:RE:Open Pit Mining ProfilePeople often forget that we are coming out of the worst Bear market for mining stocks in 50 years!  Even the best explorers aren't getting much love in today's market!  It's not like the old days. 

Had I foreseen the market down turn I would have sold all of my mining stocks back in 2021 instead of buying NFG.  It is still doing far better than most with $58 million in the bank.  It is among the best of the best.

There is some evidence that the market is now begining to turn.  NFG will be one of the recipients of the sector rotation.  Good things come to those who wait (even longer).
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