Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises a approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company is undertaking a 500,000-meter drill program at Queensway.


TSXV:NFG - Post by User

Post by megacopperon Dec 08, 2020 3:45am
411 Views
Post# 32055986

Just read the article on NFG's valuation

Just read the article on NFG's valuationThe author makes some valid points but I'm not sure why he uses 7.5 g/t for his average grade for this deposit when all drill results to date have been well in excess of that grade. Also, NFG has returned these spectacular drill results on only 40 drill holes and 8000 meters of drilling according to sedar.com so they have only begun to scratch the surface at Queensway North. And nobody has even mentioned Queensway South. I have spoken with geologists that like Queensway South a whole lot as well. Lets face it guys the market has a $500 million plus valuation on NFG for a very good reason. I think it will eventually be trading at several multiples to that figure but it will take time and of course a lot more positive drill results. It might take 6 months to a year or more to get to that valuation unless they get a lot more drills turning and speed up the entire process. I'm hearing NFG wants more drills but they aren't available right now. There is only one reason why they would want more drills. I'll let you guys figure that one out. LOL!!!
<< Previous
Bullboard Posts
Next >>