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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 > Dan and his $110 per share
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Post by BuccneerIslnd on Aug 30, 2022 9:00am

Dan and his $110 per share

Min capex $2b for a decent sized mine with mill. That adds 400m shares at todays price regardless if you pay for it or if its worked into the calculation by an acquirer. Now you have 568m shres os x 110$=$57$b

Dan Warren is saying nfg will have a market cap of more than twice aem. And 1.5 x abx, and 1.5 times nem.


You guys should be paying me for injecting a dose of reality on this board.


Bucc of the napkin
Comment by surething1111 on Aug 30, 2022 9:40am
Comment by BuccneerIslnd on Aug 30, 2022 9:43am
Really, well Dan is talking about a 15m oz deposit. From your Introductory Finance course you would know that the npv of anything mined more than 10 years out is about zero. So you gots to hurry up and mine it baby.  Bucco
Comment by DanWarren on Aug 30, 2022 12:33pm
This post has been removed in accordance with Community Policy
Comment by surething1111 on Aug 30, 2022 1:26pm
Dan, Love the optimism. Ignore the negative Nellie's. Far more likely nfg will be picked up by a major. They are all in dire need for a thoroughbred in the stable, and this one is the ticket.  You can be sure with recent price action, one or more are nibbling right now. Our relatively low price right now is directly related to depressed gold price. Fundamentals haven't changed, in ...more  
Comment by BuccneerIslnd on Aug 30, 2022 1:30pm
Great to hear ST. I heard a couple of mincos did look at it and concluded the same as Crux. And they arent interested in a 1 m oz deposit with diminishing drilling returns. Well I have good news for the wags. Bucco has a dentist appointment and will be in a lot of pain this afternoon. Schadenfreuders. She told me that my teeth are ok but my gums goota go. https://www.youtube.com/watch?v ...more  
Comment by BuccneerIslnd on Aug 30, 2022 1:38pm
The band never made money. Alice went out on his own. Glen Buxton died of pneumonia dirt poor., alcoholic, lead guitar, The drummer, Neal Smith sells real estate in upstate New York, Dennis the bassist wrote a biography. A great read. Bucco
Comment by surething1111 on Aug 30, 2022 1:58pm
Arrrrrr, An old pirate such as yourself Bucco, probably doesn't have that many teeth left. Hope she doesn't pull the wrong one ;) S
Comment by surething1111 on Aug 30, 2022 9:42am
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