New Found Gold Corp V.NFG

Wow K2 is exploding with gold

[Dixiedee]

Wow K2 is exploding with gold .we grow with each press release the siemic seems to be guiding them well can hardly wait for results from depth but that takes longer than these 250 meter holes take to drill 
3600 meters still pending at this time

[Evenkeel123]

Dixie, I would like to send you reading glasses, lol.  Can you say uneconomical?  I think down she goes today. EK

[nozzpack]

These are excellent grades, very consistent with 15.4 grams per ton for K2 m as the depth integrated average grade used in the Mett News Release.. Mineralized surface has now expanded to 295,000 sq meters which is about the same size as the entire Goldboro deposit of Signal , the FS of which estimated 1.2 million ounces of reserves at an average grade of 2,2 grams per ton. With an average grade

[alvarez2]

I couldn't agree more otherwise this will continue to be diluted to oblivion. It's been almost 5 years of exceptional drill results. The marketcap has remained the same yet the sp continues to trend lower due to the need to raise more capital. 

[Retiredgeo]

You are ignoring the dismal state of the industry.  Of all the Canadian gold juniors NFG and SGD are the best financed, the most popular and have the largest market caps.  The current share price has nothing to do with the minor dilution over the last few years.  As the group recovers so will NFG.  It is very underpriced for what it's got.

[Kincar3]

I don’t agree with this idea that raising money to explore for gold is dilution.  They are exploring the site, it looks promising, and the fact they can raise money at all right now to look for more gold is beneficial.  Or, accretive.   If they raised $50mil and spent it on drilling (or fat salaries and big parties as some here have complained) and at the same time also didn’t find

[nozzpack]

You ignore the most critical parameter driving capital gains. The return velocity of your invested money in NFG. Without the obvious robust cash inflows from early production , continued exploration may continue to expand the resource but that expansion must cover the inflated cost of your original investment plus the assumption that continued good assays will be directly reflected in the share

[Dixiedee]

I know it hard to wrap one's head around an exploration company actually doing exploration but that is what NFG is and that is what they are doing and you talk about dilution it all depends what they do with the money day to day operations well that would be money spent dilution money invested on actual drilling well if they find more gold in the ground than it cost to drill then it would not

[TheGreekGoldGuy]

Yes indeed Dixie, New Found Gold released 16 more bonanza quality intercepts at K-2 today , between 320.60 gram meters abd  36.63 gram meters.  The toip 5 holes were very impressive. NFGC 1986    320.60 gram meters NFGC 1962    168.77 gram meters NFGC 1997    146.18 gram meters NFGC 1647    125.54 gram meters NFGC 1650    103.14 gram

[unclebobby]

With  these consistent results this stock should  sky rocket.  Or a big offer you can't  refuse compared to where the stock price is at. This is the real deal , sprott  knows once in a life time find .hold tight