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 > Dentedhead

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Comment by eldrecoon Sep 27, 2023 8:33pm

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Post# 35658289

RE:Dentedhead

IdleEyes wrote: Tradeahead @StigvdA Yes. One ELO share buys $302 of metals in situ. So it offers a metals upside leverage of 302/1.31 = 230 X. If one does not like that measure which makes shortcuts, one share at $1.31 alt. buys $74 of fut. cash flow acc. to MRE, or post PEA acc. to mgmnt. est. perhaps somewhere around $150 cash flow. This before silver/metals prices rising.

Wrong and wrong. Where that guy learned to count or to which academy of dot connecting he went to I dont know.

In situ metal value is only meaningful if you can extract it at less expense than you can get for it. And in no way is the above ratio correct regardless.

Secondly, hes either taking management's estimate or the independant consultant's estimate of free cash and both are wrong. That much is certain. Ive explained why that is previously. ...or that of SCM which has written off its capex over the last few decades of operations.

Just like nvo's "lowest quartile" and "aisc of $860" was wrong. It ended up being 3 times that.

One would think he would have learned his lesson but he never does.

Bucco