Post by
MAKEITBACK on Mar 03, 2022 12:01pm
VALUE COMPARISON
It is interesting that both NFG (Newfound Gold) and ANX are saddle reef deposits (nuggety high grade and not that common. ANX may not have as much gold as NFG (although I do not believe they have a 43-101 out yet) but the vertical blue sky potential (vertical layers of reefs) is amazing and as yet almost unexplored). ANX is at the PEA phase and mine construction is on the horizon. They have a working mine to help offset the costs of construction. They have about 2.5 million ounces in their 43-101 (underground and open pit) with almost half of that open pit. If you throw in inferred they are over 3 million ounces, and plenty of blue sky. The real difference between NFG and ANX is the market cap. NFG’s market cap is 1000 percent more than ANX. Should NFG be worth more than ANX? Of course they should! Should they be worth 10 times more? I don’t think so. —--ANX .70—---NFG $7.73.
Comment by
DoumDiDoum on Mar 03, 2022 12:28pm
IMO, ANX is undervalued and NFG is waaayyyy over valued.
Comment by
jim96 on Mar 03, 2022 8:12pm
Hard to compare ANX and NFG, the market cap of the stock is largely dependant on the market makers. If the market makers decide to push up the market cap of ANX, it will go up eventually. If the market makers decide to their NFG shares, it will go down to the same as ANX, that's the realty we have to accept.