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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 Patient1nvestoron Sep 29, 2024 11:52am
44 Views
Post# 36245974

RE:Postmedia Article

RE:Postmedia ArticleWhat matters the most in the long run is the drill bits in the ongoing deep drillings. Defending yourself through media can invite even more unwarranted accusations, as any defence can be misinterpreted or misconstrued. So, letting the evidence speak for itself can be a more effective strategy. NFG prices have fallen significantly in recent times; however, for most trading days, no more than 1.5 million shares change hands in two exchanges, which makes up less than % of the total issued. Small retail holders are always more susceptible to all kinds of media reports, good and bad, for all stocks, the real big holders and insiders of NFG are not selling. So, in my humble opinion, it certainly hurts in the short term, but for those long-term investors, 1% trade volume can never be seen as a mass exodus. 
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