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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

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

Comment by BlueChipper2020on Nov 09, 2021 9:25pm
144 Views
Post# 34107843

RE:PVG vs NFG

RE:PVG vs NFG
Global1966 wrote: 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.


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 another. NFG resources will be delienated over time and in-situ value and market cap increasing over time. 

Not sure what you mean by "NFG should hit"?. They have spectacular drill holes and now in at least 3 zones with the potential for many more zones. Again this is very early innings in the exploration stage and comparing to Pretium is literally like comparing apples and oranges and staring at them thinking they are the same. Waste of time. 

GLTA
BC
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