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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 BuccaneeerIlndon Aug 13, 2022 3:19pm
88 Views
Post# 34894220

RE:RE:RE:RE:RE:RE:Is this the Snowline and nfg board?

RE:RE:RE:RE:RE:RE:Is this the Snowline and nfg board?
Goldziggy wrote:

You like to bully everyone but cant take someone calling out your bullshi$. So you covered 100 shares? Thats good. 
according to your friends at crux nfg has 1 million ounces which i dont know how they can know that but if nfg is only half way through their drill program so that means they will have minimum 2 million ounces when they are done this drill program. All this based on crux of course cause i dont have all the drill assays yet and they are still drilling so wont pull out any numbers out of thin air. 

keep covering but my guess is you dont have that much to cover but your buddies do 

quote=BuccaneeerIlnd]

Goldziggy wrote:
BuccaneeerIlnd wrote:
Goldziggy wrote: Ok thats perfect.  Go play on the filo or snowline boards then and teach them your ways. Why would you waste your time on nfg if they are so overvalued and going nowhere? Oh ya its cause Nfg actually has the gold and lots of it and you know it unlike all these other stocks you guys like to promote on here. 

BuccaneeerIlnd wrote: Lets put this topic to rest once and for all. Bucc has Introduction to Counting It School  too eh.

So, In laymans terms.


Snowline actual assay and not speculation about what assays will be on a 400m hole :
168m ,1.25 gm, density say 2.3 t/m3
 
Volume= 2 pi r sqrd x h = 2x 3.14x .0315x .0315 x 168m = 1.04 mt x 1.25 gm/ 31.1 x 1800 =75$/5 = 15 Mcmuffins in that drill core.
 
Market cap per Mcmuffin:
 
Snowline 15McMuffins  for 262m market cap= $17.47m market cap per mcmuffin
Filo 206 for 2000m =                                       $9.70 per mcmuffin
Nfg 7 for 923m =                                            $132m per mcmuffin

Clearly nfg is way overvalued compared to filo and snowline is overvalued also but less so. More importantly filo will have way more tonnes than snowline, and infinitely more tonnes than nfg as retiredgeo and crux have both indicated upside tonnage will be hard to find with nfg.

In addition, BHP has their foot in the door with Filo and no doubt would love to buy out the Lundins. But why sell  when you have a free ride for generations. Gotta look after Lukas's grandchilden eh. He would be proud.

So from now on you fellers skip the chatter about both snowline and nfg as clearly Filo is the better buy:)




Bucco

 

Really? Then tell us how many ozs they have and at what average mineable grade because there is a difference between headline intersections and mineable grade.

Midget cowboy.

https://www.youtube.com/watch?v=S9ZbuIRPwFg




Bucco



 



No one knows that yet not even your friends at crux. Do you realize they are currently drilling? Wait till they are done then we can all come up with numbers. Oh wait when they are done im sure the company will come out with the numbers so you dont have to hurt your brain or rely on your buddies. What i do know is its open in all directions for kilometres and its not low grade or on the the top of a remote mountain in the middle of nowhere. Low grade are a dime a dozen and if thats what you like to invest in then go ahead but i think you should stick with tou and leave the mining alone. If you have to rely on a paid subsciption to tell you what to buy or not, that says it all right there.  you should save your money or buy a gic 

 


I think you should get your story straight and stick to it. You said they had plenty of gold and now you cant tell me how much so how do you know they have plenty. 1 m ozs wont interest anyone and prbly wont even be economic as it has to pay for all the capex. I also mentioned that I bought 100 shares on Friday and I wouldnt lie about that. So if you dont mind I like to stay up to date with my investments. Go bully Dan Warren with his pink panties. Predjudiced pryck  

 


Bucco:)



[/quote]
Can you remind me what the title of that Crux article was? Something about new gold being hard to find? Does that mean the gettin has been as good as its gonna get?

Tool can tell you I dont have friends. Other than for this Nascar guy thats drinking my beer. 



Bucc

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