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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 Sep 16, 2024 9:40pm
111 Views
Post# 36226498

RE:NfG

RE:NfGIt's the upcoming fed meeting the gold market has priced in 50 basis point cut most gold stocks where down today and may drift lower tomorrow or stay where they are until the rate decision comes out mid week if we get 50 basis point cut they will all rebound and gold will go higher this assumes that Powell hints more to come the general market can take this as a negative thinking the economy is worst than we previously thought and stocks could tumble gold stocks could get throw out in the bath water with the others but I would think that would be short lived for the gold stocks and gold if that where to happen any dips would be buying opportunities as far as I belive but do your own DD but I would be buying the dip if it happens 
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