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Bullboard - Stock Discussion Forum 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... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > Eric Sprott buying more
View:
Post by megacopper on Apr 25, 2021 10:21am

Eric Sprott buying more

I'd say he knows they are hitting a lot of high grade gold. It's no big secret. There has been about a dozen news releases with drill results showing extremely high grade intersections since day one of NFG's drill program over the past 8 months. And most of us know ES made around a billion dollars off his Kirkland Lake investment with the high grade discovery at Fosterville and it certainly appears that NFG has discovered another similar type gold structure at Queensway. So I'd say he likes NFG just a little bit. Lol

https://m.canadianinsider.com/node/7?menu_tickersearch=NFG+%7C+New+Found+Gold
Comment by GoldCasino on Apr 25, 2021 2:22pm
As most of you well know, Eric Sprott has a stellar international reputation within the metals and mining investment industry. He is considered the Warren Buffet of the precious metals sector and many people are influenced by his stock purchases. No doubt, NFG has been a beneficiary of his participation as far as PR is concerned. At this time, the majority of participation in this Newfoundland ...more  
Comment by BlindBoy on Apr 25, 2021 6:31pm
That's a very rational and well stated post, and 's pretty much right on point, imo.  Eric's recent market activity in this NFLD play, more and more echoes what he himself states very often, regarding his personal belief in heavily pressing his bets on companies that he believes are demonstrating through their actions and on going results, which reinforce their prospects of ...more  
Comment by megacopper on Apr 25, 2021 8:18pm
Great posts by blindboy and goldcasino. Well informed guys right there. The only thing I can add is that things changed with the March 16th news release by NFG with hole 118. After that release two days later Eric Sprott invest $15 million in NFG at $5.25 and within days also invests in SIC and has since invested even more money in LAB and has bought more shares in NFG last week. Eric Sprott is ...more  
Comment by likeike on Apr 25, 2021 8:35pm
Fantastic Megacopper that NFG is able to drain the pond. Maybe with their NYSE American listing they can drain the swamp IKE
Comment by Sunvalley on Apr 25, 2021 9:20pm
Thank you megacopper for your most interesting comments and information. NFG clearly has my attention now after going thru these posts.
Comment by likeike on Apr 25, 2021 8:11pm
GoldCasino I defy you to find 5 quotes of Eric Sprott's that come close to Warren Buffet's Scroll back up to restore default view. Yahoo Finance Warren Buffett's 25 best quotes about business, investing, and life Clara Colbert ·Editor Sun., April 25, 2021, 5 ...more  
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