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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

Metals & Mining Gold
New Found Gold Corp. is a Canada-based mineral exploration company. The Company is 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 an approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.


TSXV:NFG - Post by User

New Found Gold Corp > Fosterville vs Keates/Golden Joint/Lotto
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Post by Retiredgeoon Jul 15, 2021 2:16pm
337 Views
Post# 33553202

Fosterville vs Keates/Golden Joint/Lotto

Fosterville vs Keates/Golden Joint/LottoFosterville has reserves of 2.1 million ozs (21.8 g/t) with an AISC of ~$291 USD/oz.  At today's gold price that is $1534 USD profit/oz or $3.22 billion USD profit/deposit.

If Keates/Golden Joint/Lotto is the same that is $3.22 billion USD profit divided by 168 million shares = $19.16 USD/share (~ $24 CAD/share).  This calculation does not include other Fosterville-like deposits which will be another $24 CAD/share/deposit.

There are reasons why most NFG shares have already been locked away.  I fully expect more big investors to stake out positions as time goes by.  Kirkland Lake for one is exhausting Fosterville reserves at a rapid rate and will require a replacement depost ~5? years down the road.

Yes, we could use such a big investor right about now.  Recent history says they are waiting at $9.46/share.  Our shorter friends should not be greedier than that.


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