Can The Nickel Squeeze Happen To Gold? – The Daily Dive
Returning to the Daily Dive for a second time today is Collin Kettell, the founder and executive chairman of New Found Gold Corp (TSXV: NFG). Collin returns to the Dive this afternoon to discuss the recent stake taken in Hycroft Mining by AMC Entertainment, the impact of the nickel squeeze, and his concerns related to the volatility in gold. Also discussed is the ongoing geopolitical situation, the recent QA/QC program review by New Found Gold, and the most recent results released by NFG.
New Found Gold is currently advancing its 100%-owned Queensway gold project in Gander, Newfoundland. The firm is owned 32% by Palisades Gold, in which Collin is also the founder and executive chairman. With his recently augmented investment in the company, Eric Sprott effectively owns 23% equity, while the rest is shared by Novo Resources, management, and investors.
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