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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 > NFG vs ESK vs HIGH
View:
Post by TheGreekGoldGuy on Jan 22, 2022 4:08pm

NFG vs ESK vs HIGH

Crescat owns both Eskay and NFG. NFG is undervalued considerably right now, based on its 28 major Bonanza grade holes over 3 seperate zones. Good grief, that's probably 3 Fostervilles owned by NFG. With Q.H. help, Eskay may be overvalued now. Consider the following Facts:

Eskay   162.8 million outstanding shares,   Public float - 137.87 million shares
             197.6 million, full dilution

NFG     178.8 Full dilution. 68% insider owned,  32% Float. 

Eskay has released drill resuklts only 4 times. They are good, but geez, NFG has released mostly better results 28 times. 

Eskay results

                     

12/22/20 31.25 Au/T over 5.1 m and 185 Ag over 4.1 m

 

02/02/21 9.5g Au/T over 35.8 m  and 93.2 g/T  Ag over 9 m

 

11/08/21 5.2 Au/t over  47.8 m

 

01/19/22 10.34 Au/T  over 11.9 m

For the purpose of comparison, the GGG would like to share with the board a company that looks seriously undervalued. Take a look at Highgold, V.HIGH or HGGOF.

79.9 million shares outstanding, 82.3 million with full dilution. Highgold has released 10 great drill results.

 

11/05/19 19.55 g/T AU over 107.8m  at J.T.

 

12/10/19 15.06 g/T AU over 59.2 m   at J.T.

 

12/12/19 17.8  g/T   AU over 75.1 m   at new zone J.T.

 

04/29/20 700,000 oz reserve at J.T. at 10.9g/T

 

09/0920 17.9 g/T  AU over 71.1m    at J.T.

 

10/15/20 10.3 g/T  AU over 17.4m    at J.T.

 

12/22/20 150 g/T   AU  over .5m       at J.T.

 

02/11/21 1800 g/T Silver grab sample at J.T.

 

09/21/20 20  g/T  AU    over 4.3m     at J.T.

 

10/06/21 578 g/T AU  & 2203g/T Silver over 6.4m at 1st hole  in Difficult Creek, J.T.

 

10/06/21 Three drills now working

 

10/13/21 114 g/T AU   over 4.9m  and 64.7g/T over 5.0m  at J.T.    

 

 

12/21/21  8.9g/t g/T Au over 84.7m and 7.4g T  Au over 34 m

The Greek here, he apologizes for being off topic a little. 


 

Comment by likeike on Jan 22, 2022 4:41pm
Good post GGG ....QH is technical advisor for both Eskay and NFG although he  has mentioned Highgold a few times on Crescat. He has more skin in the game  to me by NVO having a 9% ownership of NFG. NFG is in unchartered water being the most major gold find in area known for base metals. Eskay is really Eskay 2.0 and looks to be at least another Eskay Creek. Highland is actually in ...more  
Comment by likeike on Jan 22, 2022 5:16pm
Was thinking GGG I would still be remiss in not mentioning the vast indications at  Eskay. Like QH had in his last Crescat about not being able to swing a cat and not hit a VMS system. It looks likely Eskay 2.0 is going to vastly bigger than the original. It will very likely take a couple of years to figuire it out. They could prove out a  resource now but why when you going for ...more  
Comment by likeike on Jan 22, 2022 5:44pm
I guess what I have been contemplating GGG is if NFG did not would I have ESK as my primary stock? I looked at all 3 stock charts and looked at their trading the last year on Stockwatch. NFG is absolutely stellar looking and especially with volume trading  Eskay is a more volatile a volume more swingy. High is so thinly traded in comparison and when they had that first big hit that took& ...more  
Comment by TheGreekGoldGuy on Jan 22, 2022 10:40pm
Ike,  forget the charts, look again at the drilling results. Eskay is not even in the same ball park as NFG and Highgold.  Lets look at each companies top 4 results.  Esky, only has 4 results. 340 gram tons ( meters x grams ) 248 gram tons 159 gram tons 122 gram tons Highgold has 10 results, top 4 3699 gram tons 2107 gram tons 1336 gram tons 1276 gram tons ...more  
Comment by TheGreekGoldGuy on Jan 22, 2022 6:08pm
Ike, in two month's the Greek thinks it's more likely that we will regret not owning more NFG. Now lets compare market caps in Canadian dollars. NFG    $1.42 Billion     - 28 Great drill results, Undervalued ESK    $ 600.7 Million  -  4 Great drill  results, Overvalued, with 197.6 million shares, raisng money will be painfull to shareholders.& ...more  
Comment by lewdogg on Jan 22, 2022 5:13pm
OT: will be grabbing HIGH next week. Thanks, GGG!
Comment by megacopper on Jan 22, 2022 9:49pm
  Great work on the comparisons. All three look like quality projects which should help drive valuations much higher. NFG is my favourite because it's just such spectacular high grade gold and the gold system runs the entire length of the property. There will be many more zones discovered. 
Comment by hockeyplusgold on Jan 22, 2022 11:41pm
I think NFG is superior to both of the others but high does look like it may also be a good one I will have to check it out 
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