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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 MadInveston Jan 07, 2025 2:45pm
110 Views
Post# 36392871

RE:RE:You got it right!

RE:RE:You got it right!

Three long years and even the most hardened investors will get discouraged.  Bear markets will do that to many.
However, if the the large and rich gold deposits are proven independently to be there even poor mgmt can't prevent the stock from rising closer to its fair value.  After 3 decades in the markets I personally have no doubt in that principle.
My personal guess is that Agnico Eagle and a few others are watching this company's progress with genuine interest.  AEM has bought most large undeveloped gold deposits in Canada.  There is no way in hell they would miss bidding on this if the gold is proven to be there and the stock price stays low.
Luckily I only started buying late last year so I'm quite optimistic on its potential.  It is $4-5 in Q2 and $7-8 in the next 12-18 months provided gold stays above $2,500.  My only worry is I might take profits earlier.  I wish I had Eric's patience.  Cheers

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