New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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

New Found Gold Corp > Todays price

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Comment by shiftyoneon Nov 06, 2024 6:46pm

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Post# 36299894

RE:Todays price

Dixie, the price of gold did drop significantly today. And NFG followed suit as it normally does.

But, we can't forget or ignore the fact that gold is still at $2660 US. Most would never have expected a gold price of $2660 US a year ago. To go up so fast and steadily. And it is up over $1000 CDN in the last year, or 40%.

So I guess I have to question whether the shareprice of NFG is really directly correlated with the price of gold.

Perhaps the NR today will get them moving in the right direction. But it will be 6 months until we know the results, if everything goes on schedule.

The price of gold cannot be blamed for the shareprice decline in the last couple of years.

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