New Found Gold Corp V.NFG

NFG is tying up all the loose ends…..

[Gangsterme]

Ever wonder what they are up to here?

They spent 10million$ or so on seismic work to determine if the faulting and intrusive zones continued as they expected.

Now they bought out one of the adjacent properties along the main fault(Labrador Mining). Now acquiring the royalties that were on part of their claims.

Does this not give you the feeling that they, and I mean the geologists and company officials, believe that there is a valuable economic gold deposit. 

So many are going to be kicking themselves in the not too distant future when main stream investors realise what a fabulous property that has been accumulated. 

There are certainly other investments in commodities and other stocks that will out preform NFG over the short term, I believe very few will do so over the medium to long term, and almost none have what I consider to be almost zero risk.

Gold is rising in value, and this has lots and lots of gold.

[DanWarren]

Very Insightful post, Gangsterme.   A number of shareholders have pointed this out occassionally... ....that they don't consider NFG to be a speculative stock, but, rather, a safe investment, due to the evidence that NFGs Queeensway project has already been shown to have a lot of gold, just at shallow depths, and that Queensway will be commercially mined.    The current

[1condor]

DanWarren..no matter how you spin it....NFG is a speculative stock (no production).  I dont know why you guys are okay holding this stock spinning in the mid 3's as gold moves on to higher highs. I sure hope you are holding a producer to offset your losses on this one.

[DanWarren]

Technically, of coarse you are right. Any Brokerage House would classify NFG as, technically, a speculative investment. But, which is safer an investment. A Big Gold company producing gold at say 1.5 grams per ton, with 5 operating mines, 3 of which are in 3rd world countries where Leftist corrupt governments can pander to their constituents, and make confiscation policies against your mine

[1condor]

DanWarren...NFG IS RISKY (and not seeing that could be very costly for you..and perhaps already has been). I get throwing a few bucks in for a gamble (because thats what NFG is) but I suspect some (many?) here are going "all in"...or have been adding on "weakness".  I would rather go with producers in a gold bull market and my choice has been TXG which is a fantastic

[Dixiedee]

Your concern is touching but not required we are all adults and some very seasoned investors so you don't need to lose any sleep over other people investing in jr stocks especially newfound gold 

[Patient1nvestor]

Very well said indeed, mate, an Australian endearing term for pal. 

[Patient1nvestor]

Very well said, my friend!

[Patient1nvestor]

I suspect it will happen within the next 6 months.