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Bullboard - Stock Discussion Forum 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... see more

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TSXV:NFG - Post Discussion

New Found Gold Corp > BIG MONEY

View:

Post by goldenrivit on Apr 25, 2023 12:19pm

BIG MONEY

Eric Sprott makes his biggest bet yet on what he believes ...

https://financialpost.com › commodities › mining › eri...

Apr 18, 2022 — Now, Sprott insists that he's onto to something even bigger. He estimated that he has put a total of $200 million into New Found Gold ...

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Comment by AlwaysLong683 on Apr 25, 2023 4:59pm

Excerpt from the FP article: "Sprott has often commanded a following from other investors, who look to mimic his portfolio on a smaller scale, and it is not uncommon for the share price of companies to bounce higher in the weeks after he discloses an investment as investors debate it on internet chat boards." Sound familiar.....?

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Comment by megacopper on Apr 25, 2023 8:03pm

Eric Sprott is making a visit to the Rock on Friday

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Comment by catf7rider on Apr 25, 2023 8:05pm

Mega Please keep us updated on his visit.

80

Comment by megacopper on Apr 26, 2023 12:56pm

I certainly will update you but I'm thinking everyone will get the message on Friday. I'm expecting a strong up day for NFG on Friday. Just a guess.

80

Comment by Gangsterme on Apr 26, 2023 1:56pm

Sprott will visit and hopefully make some comments. Just a reminder, he is not newbie and the 25$ million core shack was built with 5$million of his as a 20% stakeholder in NFG. Do you really have difficulty believing that he is convinced that this is a economical deposit? And Crescat should be committing on Friday having not utube last week.

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Comment by megacopper on Apr 26, 2023 9:52pm

The GigaShack cost $4 million

60

Comment by Gangsterme on Apr 27, 2023 7:03am

You are correct, My memory was likely affected by Screech yesterday.

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Comment by JRafflesUK on Apr 26, 2023 9:36am

Notes from the Apr 18 2022 financialpost.com Sprott article:- "........Sprott's [NFG] purchase was announced on April 12 [2022], trading at about $9.05 on April 18 [2022]....." "...........The price of gold has risen 12% in the past six months [to April 2022] to US$1,972 per ounce...." In April 2023, the POG is almost identical to the same time in the previous ...more

142

Comment by Dixiedee on Apr 27, 2023 6:55am

Oversold and under valued

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Comment by bigdawg86 on Apr 26, 2023 5:33pm

What, like Pure Gold lol!?

85

Comment by LarryLOUSE on Apr 26, 2023 6:22pm

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Comment by Retiredgeo on Apr 27, 2023 5:43am

Every mining stock is a gamble. Pure Gold went bankrupt because of mangerial incompetence. Eric lost his shirt along with everyone else because no one knew. CONTINUITY OF GRADE is all important. Why does NFG drill so many infill holes? - to make sure the gold is still there! It is dangerous to assume, especially in high grade gold systems.

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Comment by Wallyy on Apr 27, 2023 6:17am

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Comment by Wallyy on Apr 27, 2023 6:21am

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Comment by AlwaysLong683 on Apr 27, 2023 9:01am

I've mentioned in past posts that Eric Sprott has invested his money in so many Canadian junior gold exploration / mining companies that it's often more of a challenge to find one in which he does not have some skin in the game. According to SEDI, Sprott owned over 48M shares of PGM as of May 2022 via indirect ownership through his 2176423 Ontario Ltd. company. Unclear as ...more

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Comment by Dixiedee on Apr 27, 2023 9:06am

NFG being his biggest investment in a single JR ever makes me think he likes this one just a little bit more than the others

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Comment by KimLyons on Apr 27, 2023 9:12am

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Comment by Retiredgeo on Apr 27, 2023 9:31am

NFG is a district scale play. All of the others are just one offs here and there. That makes NFG stand out. It is a once in a lifetime play.

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Comment by CharlesChapman on Apr 27, 2023 9:41am

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