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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

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Post by hockeyplusgold on Dec 04, 2021 12:11am

Results

I don't think anyone should really expect results before mid January so complaining we don't have any doesn't do anyone any good . What we do know is we had great previous results ,we have great management with skin in the game,we have great finances ,management has a plan to prove the resource up and is fully funded to do that .we are also in very mining friendly jurisdiction
( Newfoundland) .We have know existing deposits in the area .we have a gold price above 1700 and most likely will be above 1800 or 1900 or higher when this resource gets proven up 
also we are in a strict regulated Canadian industry in mining and I for one don't think if this was fraudulent in any way they would attempt to do it in Canada or Eric Sprott would even be remotely envolved in this company or putting additional money in .bottom line is this is a hiccup that has created opportunity to buy shares while on sale .before the end of 2023 I believe these issues will be in the rear view mirrror .I for one hope they stay cheap into the new year so I can add some to my TFSA for 2023 so if news is even delayed to Feb I wouldn't be upset about it
Comment by Global1966 on Dec 04, 2021 1:45am
I would expect the Chrysos results to be available next week. Whether it should be released pre Xmas given tax loss selling season, is another question Re the QA results, mid February at the earliest is my guess. Lots of checking and rechecking
Comment by toller1 on Dec 04, 2021 11:30am
Agreed, first results from Perth will be out next week. Might not move the needle too much but it will stop the slow bleed of the share price.
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