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Bullboard - Stock Discussion Forum 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... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > Size Matters
View:
Post by Malpeque2 on Mar 04, 2022 10:23am

Size Matters

Just ask IKE.   

Funny,  the company has said they have 800m strike by 400m deep.   A cubic meter of solid rock is about 2.8 tonnes per meter.  

I see all the high grade intercepts.    They look about 3-4 meters thick on average.     I used 4 meters.       I used an average of 10 gramms per tonne,   and added a bit for the other veins hit in some of the drills,  that are smaller and lower grade.    28 grams make an OZ.

Yet Ike calls it misinformation.      Keats they give a scatter plot diagram.  For the drill intercepts.
With the last 3 PR's on the drill assays.   Anyone can look at it and ballpark and average,  it is color coded.......by grade.
Comment by Gangsterme on Mar 04, 2022 10:38am
Not to question your knowledge or anything, but check and see weight of an ounce of gold. This does not help when doing you calculations.
Comment by wajac on Mar 04, 2022 10:40am
Glad you referred to your average as a 'ballpark' as that's precisely what it is. In other words no one should give any credence to what you say. Perchance, you are not a geologist are you? And even if you were your ballpark estimate would mean nothing as you are far removed from the process. You obviously have a motive in posting this stuff, but I believe posters on this board are ...more  
Comment by likeike on Mar 04, 2022 10:45am
We have the Rock Doctor here already. We do not need your funny... ........ballpark......this is not baseball... I will not give you a grade ...no one here wants your....smaller and lower grade. IKE
Comment by itsjustme1 on Mar 04, 2022 12:53pm
   HAHA you are so all knowing. Just curious how old is this rock doctor you depend on so much. Most gold stocks up. As of now NFG is down.  Please explain why you and a few others are the only ones in the market that know the TRUE value
Comment by braindeadoldguy on Mar 04, 2022 1:13pm
This post has been removed in accordance with Community Policy
Comment by DanWarren on Mar 04, 2022 1:43pm
This post has been removed in accordance with Community Policy
Comment by itsjustme1 on Mar 04, 2022 4:04pm
So wish what you are saying was true. At least I would be making money. When NFG gets above $9.50 then I will be positive. Until then NFG is stinking up my portfolio, but am hoping I may eventualy make my money back.
Comment by megacopper on Mar 04, 2022 1:19pm
  The average grade you are using is way to low. The average of this system is at least double 10g/t. We estimated somewhere between 18 g/t and 24 g/t for an average grade. But it depends on how much of the low grade envelope you average in around the high grade zones. And why are you only using a 4 meter width? I don't think you looked at the main Keats Zone with all the ...more  
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