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Bullboard - Stock Discussion Forum 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... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > $30 TO $50 BUYOUT??!
View:
Post by speedyg999 on May 21, 2021 4:14pm

$30 TO $50 BUYOUT??!

DON'T SELL IT FOLKS; HANG IN THERE TO THE END!
Comment by megacopper on May 21, 2021 5:35pm
  Yep I think $30 to $50 is possible. And if the price of gold soars this year to $3000 plus an ounce we could see NFG hit $100 a share if they keep pulling holes like today. It is an extremely rich gold system worth tens of billions of dollars in the ground metal value. Hopefully they decide to put it into production themselves and produce 500 000 to a million plus ounces a year. 
Comment by ronreagan on May 21, 2021 6:40pm
Well Mega, I do realize we don't have a NI 43-101 or even a mill at this point, but when one compares this animal to KL he has to keep in mind this will be OPEN PIT and so therefore the AISC will be VERY low, which means MORE profit for the company. I therefore think the KL value comparison is irrelevant, but maybe sets a FLOOR.  If we could produce 500,000 ounces per year, that would be ...more  
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