Stockchase Opinions

Rick Rule New Found Gold NFG-X BUY May 08, 2023

Interesting discovery recently.
Well promoted stock.
Eric Sprott involved.
Does not own shares.
Exploration better than expected. 
High quality deposits that trade on premium. 

$6.580

Stock price when the opinion was issued

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TOP PICK
Exploration. A hold, with a $4.25 target. Possibility of a world-class deposit. Good for Newfoundland & Labrador, as the land is right beside Gander. No dividend. (Analysts’ price target is $4.25)
COMMENT
In Central Newfoundland. They have done a great job of exploration but is priced ahead of itself with high expectations. Will become a mine. Has a 1.3 market cap. Doesn't own because there are cheaper stocks.
HOLD

Believes stock was over valued.
Current share price better reflecting value of company.
Not sure on quality of ore assets.
Eric Sprott sponsorship a good sign for the company.
Deposits in Canada which is a stable political area.
Hesitant on production quality of assets.

WATCH

Impressed with exploration strategy in Newfoundland and incredibly effective outreach in international public relations. Relative to the sector, ahead of itself on price.