New Found Gold Corp V.NFG

PVG vs NFG

[Global1966]

So PVG has been around for quite a few years, proved up a 4 mill Oz resource plus some recent spectacular assays adding  who know what to the  4 million

No one has any idea how many ounces NFG has to date. Some are guessing at 3 million plus

PVG has an offer on the table at 2.8 billion CAD. NFG's market cap is around $1.1 bill CAD

NFG's AIC should be around one third of PVG's. NFG should hit who knows how many new zones by the end of 2022.

At $7.21 NFG is a screaming buy.

[eldreco]

Yes, I agree...but the PVG deal was filthy...and disrespectful to all those who did have skin (money) in the game...which current management didn't.  May they all receive golden parachutes commeasurate to their support of those who supported them. el d

[BlueChipper2020]

Not sure how you can compare these two companies which are on very different timelines. Pretiium has been around a long long time to come up with what they have. NFG has only been public for just over a year (granted they were private before however no where near large scale drilling) and in the very early innings of their 400K drill program. Even when that is complete, there will be another and

[megacopper]

    Yes of course NFG is a screaming buy. In my opinion it's worth 3 to 5 times current levels or almost double what was paid for PVG. And that is without finding anymore high grade zones. A large gold major will scoop up NFG in a year or two for about $5 billion cnd if not sooner. And that is being conservative. It's an incredible gold system that contains tens of millions

[Kewl002]

MC - agree AND this again points out the uniqueness of the share structure on NFG. Kettle & Sprott & Mgmt have COMPLETE control of the corporate organization. This is not a PVG type situation where the hired mgmt team could decide to sell the assets out from underneath retail shareholders because the majoity of the shares are owned by institutions.  As long as the "control

[likeike]

Megagold you will always be like a brother to me though I know you already have one. Loved your last post even if you are still low balling Queensway. The big sticking point remains however selling the company for peanuts. You will always be the man but I do think Kewl002 stole your thunder on this one. Please tell me who of the present owners would sell out for a measly 5 bill when 

[megacopper]

  I'm a realist. A gold major most likely won't pay more than $5 billion for NFG. However, if NFG is able to put it into production themselves you are looking at $15 billion plus and NFG will become a major gold producer but that is 5 plus years away. Short term within 2 years I'm thinking a $5 billion market cap is attainable. Just my 2 cents worth. 

[wajac]

A measly 5 billion!?' In my reckoning that works out to about  $32 a share. Ike, I'll sell mine any day for that amount.

[rob1237]

Its amazing people are actually still average in.. 

[GGGsOldFriend]

What's so amazing about averaging in?