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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

Comment by megacopperon Mar 05, 2022 11:28am
159 Views
Post# 34486726

RE:RE:RE:Market Cap / Purchase Price Comparisons

RE:RE:RE:Market Cap / Purchase Price Comparisons

braindeadoldguy wrote: Everyone is counting the dollars menatally as to what NFG is worth, with the bottom line growing all the time.  The big question is: who can afford to pay for it, or what kind of deal would such an undertaking involve.  Barrick wants to be the largest gold miner in the world, and they now have, I believe, 6 tier 1 miners, and they have about 1.5 billion in the bank, nowhere near enough, I assume, to wet the appetite here.  

I have ideas and thoughts, so do all of you reading this, but we have nothing to say, really.  How do you feel?  If  you listened to Crescat, QH does mention the phrase :preparation for 43-101"

It feels like it's too big to fail, too big to sell, but the path to production, I hope, is being considered.

Cheers

 


My guess is NFG will be sold for somewhere between $3 and $5 billion in a year or two. Of course they will have to keep finding high grade gold. Just a guess but this one is big and it's rich. 

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