If you’ve looked at a resource chart over the past two years, you’ll know that it’s been a profitable time to be invested in gold. While it may be a barbaric relic that sits around and pays no dividends, it has represented one of the hot tickets on Wall Street. Naturally, then, people are eagerly turning to the gold-mining sector. Within this realm is the exciting but highly risky junior exploration category.
One name that has aroused both intrigue and controversy is New Found Gold (NFGC). A mineral exploration firm, New Found is focused on its Queensway Project, located in Newfoundland, Canada. On paper, the project offers strategic advantages, being located near infrastructure such as highways, power lines and an experienced labor force. Broadly, the company is conducting an extensive 650,000-meter drill program.
