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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 Gangstermeon Sep 09, 2024 6:44pm
159 Views
Post# 36215653

Assay results

Assay results

Like many, I am anxious to see more assay results. No idea if labs are slow and backed up or NFG is waiting on more results that  will have a significant impact on the understanding of a portion of the deposit, In any case we can only wait. 

We know this will eventually be mined and make lots of profit, still, it would be nice to have the stock price be more reflective of the millions of ounces of gold on this extraordinary large deposit. 

Gold price consolidation around 2500$. Many countries buying gold, last week Russia announced it would increase monthly purchases by 700%, or so someone claimed. 

Bottom line, inflation will continue to erode the buying power of the USA dollar so gold will continue to increase price versus the dollar. Canada is falling further behind in productivity, so versus the Canadians dollar NFG shares will assuredly increase. That is assured.

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