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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
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  • MadInvestX
Comment by MadInveston Feb 12, 2025 12:26pm
102 Views
Post# 36449915

RE:RE:RE:RE:RE:RE:Eric Sprott bought 200,000 shares NFG

RE:RE:RE:RE:RE:RE:Eric Sprott bought 200,000 shares NFGIt does help, thank you.
It makes the bull case even stronger at least for me.
The resistance level of 2.60 is now a support level and it is very encouraging to see NFG hold up this morning at exactly 2.60
Next it should take out 2.80 and in my opinion force the shorts to scramble and start covering quickly.
I personally prefer if they don't and get squeezed much higher on good news and or gold above 3,000.  Either way they will pay a price lol.
Cheers
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