RE:RE:Todays price When there is a large move like we had today everything gold will go down with gold some have started to recover late in the day. No we cannot blame gold for Newfound Gold's decline in the last couple of years .There has been a number of factors at play .Gold's increase in value has mostly come from the Bric countries and some European countries and Asia the west has not participated yet at all and the retail investor hasn't noticed anything gold yet this heathy pull back in gold maybe just what we need to bring fresh buying in gold and gold stocks and have the retail investors finally participate in gold stocks including the Jr space and bullion .How it will correlate with gold is when the major producors have over flowing cash balances they will need to go shopping to replenish their reserves and they will be looking at smaller producers and gold reserves in the ground to add to their pipelines .
an MRE and PEA in 2025 could be a huge catalyst for NFG at what could be perfect timing .
The short positions may not be so inclined to take that trade while we wait for the MRE and PEA their risk reward becomes very risky .This current drop in price should bring in fresh new buyers and some old ones back to NFG especially now that a initial MRE and PEA is taking place