New Found Gold: Buying Underground Gold For Pennies On The Dollar

Core Insights - New Found Gold Corp. (NYSE: NFGC) has seen its share price decline by 70% over the past year, attracting attention in the context of gold's strong performance in turbulent markets [1] Company Analysis - NFGC is perceived as a potential value investment opportunity, particularly appealing to amateur investors seeking bargains in any market [1] - The company operates in the gold sector, which is currently experiencing heightened interest due to market volatility [1] Investment Philosophy - The investment approach emphasizes an owner-mindset, focusing on low-risk and high-uncertainty bets, while largely ignoring macroeconomic noise [1] - The investor's strategy is influenced by notable economic thinkers, suggesting a shift towards an Austrian economic perspective in future analyses [1]