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.

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New Found Gold Corp > values nfg

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Post by rgvgolfon Aug 06, 2023 1:36pm

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Post# 35575469

values nfg

I estimated values from different directions
1. mineral reserves at 2x market cap and reserves at 25 millionoz stock value = $150

2. 30,000 tons per day and 200days per yr. production at 5 gm per ton, aisc $700
gold 2000per oz, one mill oz per yr. EPS of 6.5 P/E at 15 share value =
$97.50

3. If proven and probable reserves =25mill.value in ground today could be 300per oz . A sale today could be approx $40

Just an approx view and the reason Im invested in this co.

please note: Im just a not too well informed rookie

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