RE:RE:RE:RE:How do you price an explorerThe metric which I like and which the accountants despise is "profit in the ground". It does require unsubstantiated assumptions about future costs and commodity prices. If you have a 5 million oz gold deposit with an estimated AISC of 2,000 USD/oz, at current spot prices it is worthless - walk away! Conversely, if you have a 5 million oz Fosterville with an AISC of $700 USD/oz, at current spot prices it is a very profitable gold mine! Profit rules!!
Everything about NFG suggests that it's future AISC will be on the low side. I am assuming a future AISC of ~$1500 CAD/oz and a future profit margin of $1,000 CAD/oz (all without a shred of evidence). That would make a profit margin of 1 billion CAD/million ozs of gold or $5 CAD/ NFG share. That kind of profit potential will raise a few eyebrows. I can't speak for these other deposits.