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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 > compared drill results to bre-x
View:
Post by thepond on Aug 26, 2021 2:56pm

compared drill results to bre-x

gold was way less in price those days, drill holes were no near what nfg.vc has.  brex hit $250 a share.  The drill holes at nfg.vc i am sure are true, for no  one would want the same mistake as brex.  I have never seen such high grades at such lengths. These are just my opinions but i believe.
Comment by Retiredgeo on Aug 26, 2021 3:10pm
Bre-X was a SCAM!!! They intersected nothing!!! All of their gold was salted placer gold!!! The stock peaked at ~$280 CAD/share on hype.  After the scam busted it resumed trading at $5/share and eventually went down to zero. The movie "gold" is an Americanized story telling of Bre-X.
Comment by Kewl002 on Aug 26, 2021 9:48pm
Yes -- I remember Bre-X well. It cost me mega $$$$ and all I have to show for it is a stock certificate for many thousands of shares that I could use someday to adorn a bathroom wall  -- buried in my files it is. Experience didn't stop me from going all in on NFG though but it did teach more about what to look for -- filled last order today @ $8.38 and am tapped out.  $400 if a few ...more  
Comment by cyberman on Aug 26, 2021 10:07pm
hey there kewl002, the fact that you had actual share certificates means you were thinking long term even then, so they'd be harder to cash in, sure glad that hasn't put a damper on your enthusiasm for NFG. good luck this time :)
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