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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 likeikeon Jun 10, 2022 8:39am
97 Views
Post# 34746465

RE:RE:trigger

RE:RE:trigger

ou are 100% correct. Kirkland Lake at the time had proved up 3.2 million ounces at Fosterville based mostly on the high grade Swan and Eagle Zones located within the Lower Phoenix decline in 2015 and 2016.  It drove Kirkland Lake's stock from $15 to $70 a share in a few short years giving the company a $18 billion dollar market cap at the peak. They continue to mine at Fosterville (now Agnico Eagle) and they keep finding more high grade gold as they go deeper.



We estimate the Keats Zone to have a similar resource over 3 million ounces near surface which could potentially give New Found Gold a huge market cap in the future once mining begins similar to what happened to Kirkland Lake at Fosterville. Just for comparison purposes if NFG ended up with a $18 billion market cap similar to KL did it would be trading at $90 a share and that includes dilution of 25 million shares for the cost of the mine.


Of course it will take years for the development of a mine to achieve this goal but it is within reach over a 5 year period. The cost of the mine would be relatively low in the $250 to $300 million dollar range because the total TPD (tons per day) going through the mill doesn't need to be high due to the very high grade nature of the gold. You can't beat grade guys and that is why Eric Sprott is so heavily invested in NFG. With high grade gold deposits like Fosterville and Queensway you get enormous profits. Stick around and watch what happens. We are going mining and NFG will be going much higher sooner than most think. 

Mega my dear friend and brother from another mother did you not say 3.5 mill just 

about a year ago? Have you and the rock doctor firguired out from our big new 

release (forgive me one of our 3) that the one that definitively defined an area,

to be in length, breadth, and height how much gold is added on in that one little 

area.

It we had 3.5 solid last year and we have continually found more gold in every 

hole how then do we have less at 3.0 mill oz in the last year? 

You guys better do another back of the napkin analysis and lay off the sauce 

until you got some serious cyphering done LOL.

Love you like a brother Mega so I feel free to give you a hard time IKE

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