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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 Dixiedeeon Nov 20, 2024 2:03pm
170 Views
Post# 36322214

Nfg under water for most

Nfg under water for most Almost everyone who owns NFG is under water me included that being said fundamentally nothing has changed since I 1st bought a matter of fact the fundamentals are even better today than they where then .They have discovered more zones,have increased the land package and already discovered a new zone on the aquired property ,they are still in a friendly jurisdiction they still have great infrastructure in place ,they continue to have success with the drill bit .The one thing that has changed is they just announced a Mineral Resource Estimate is about to begin along with a PEA .This will give us an idea of how much gold is there ( in whatever area the MRE covers it won't be the whole property or even every discovered zone ) but it will be a good starting point then the PEA will tell us if and how much is economical sound to get out of the ground .The property contiues to derisk daily ?The MRE and PEA will either make or break us .Iam betting it will make us to what level is anyone's guess at this point .The share price while disappointing either creates an opportunity or a failure depending where you stand and what happens with these reports . We will have some gold that's not in question the amount and economics of it is what is and the MRE and PEA will answer that question and then the market will decide right now the market doesn't like the unknown but it may like NFG when something is know . Iam willing to bet on the side of good news coming out of these reports others may wait and buy or sell on the news either way everyone has to make their own minds up and draw their own conclusions how to play this 
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