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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 unclebobby on Jul 24, 2024 10:04am

Gold

Gold holding nicely  and moving up looking for $2500. Before October
Comment by 1condor on Jul 24, 2024 5:22pm
unclebobby...NFG is not moving with the price of gold. It is a spec stock with no production! If you want to take advantage of a higher gold price you have to hold the producers. I know I sound like a broken record on this but hopefully it will catch on with some on this board.
Comment by Dixiedee on Jul 24, 2024 5:32pm
1condour if you truly are a gold investor you know that the stocks and gold don't always move together sometimes one leads or lags the other and as far as the jr gold stocks go they almost always lag the major gold stocks usually gold moves the major producers move then jr producers then exploration gold jrs there is always an exception now and then but usually this is how it plays out so the ...more  
Comment by Evenkeel123 on Jul 24, 2024 5:50pm
Eh Dixie, Condor is a gold investor.  He has purchased a producer with numbers under their belt and deposits to the bank. NFG is not a gold investment.  It is a high risk play based on the ability, perhaps, to finally, one day, get fully permitted to produce, fully permitted for all necessary requirements which are a miriad. Of coarse, they also have to prove what they have, no ...more  
Comment by Dixiedee on Jul 24, 2024 6:58pm
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