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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 > 1st step would be profitable eh
View:
Post by ReportedForMeth on Dec 01, 2022 7:24am

1st step would be profitable eh

Well for starters, where are you going to process it if there is only 1 operating gold mine in Newfoundland.

Thats doesnt make money btw.





Methy
Comment by Davec12 on Dec 01, 2022 10:05am
If you are waiting for a gold miner to be profitable before buying the stock, then you are definitely not a mining  explorer or mining developer investor. Don't waste your time here. Go look at Newmont Goldcorp (NYSE:NEM) Barrick Gold Corporation (NYSE:GOLD) Franco-Nevada Corporation (NYSE:FNV) Agnico Eagle Mines (NYSE:AEM) Wheaton Precious Metals (NYSE:WPM) Most ...more  
Comment by Davec12 on Dec 01, 2022 10:26am
Want an example ? Take a look at EDV endeavour mining. Take a look at a 3 yr chart, that is what a profitable mine looks like. 20-30 $ range Now expand that to a 10 Yr chart, that is   4-30 $ range That is what a successful devlopment looks like. Luckily I bought at about 4 and sold at about  AVG of 20$. I'm sure I will be doing the same thing with NFG,  just a matter of ...more  
Comment by Retiredgeo on Dec 01, 2022 10:42am
Hello Davec12:  You are arguing with a Troll!  You are making good points for the benefit of everyone else.
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