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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 > Some earlier estimates
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Post by Dixiedee on Apr 09, 2024 11:46am

Some earlier estimates

Some earlier estimates in the early drilling put Keats at 5 million ounces ( we know that  is most likely low now) plus we have several other know zones .At 1.5 to 2 million ounces share price should be north of 8 .So if you add in other zones 
we could assume 10 million ounces plus then consider its high grade that exponential grows your profit margins .what is the potential for share price then ? Then if we have more gold at depth as geology suggests maybe we double or triple the ounces just so so much potential. The stock still seems to be on sale and under valued in my opinion.
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