New Found Gold Corp V.NFG

Understanding why gold shares are down

[Gangsterme]

Making some assumptions and using any mine as an example.

Gold price of 2100$ and mining etc. cost of 1100$ per ounce gives a profit of 1000$ per ounce.

Now gold at 1800$ and cost still at 1100$ leaves a profit of 700$ an ounce.

Thus profit has fallen 30%, twice the 15% of the price of gold, and thus the share price falls and will continue to fall along with the price of gold, however, if gold goes up to 2400$ the profit per ounce doubles from todays price. All this without any increase in the amount of gold discovered. Combine to two and it is easy to see the increasing amount of gold will offset any decline in the share price and once gold increases in price the shares have the potential to increase dramatically.

The two are the reason I purchased shares and continue to hold them knowing that the future price will inevitably be much higher. Have a great day.

[Reality888]

is this TXRogers, HHorseAS$ or Moronarty cause the exact same post was made at $7 NVO....now Pennies = REALITY Here is the Killer point....if NFG was back trading at $12, yes I know a puff of Crack is needed to imagine that being up almost 200%...there are FOOLS here that would still BS Pump higher prices to come cause the Majority of retail Longs holding NFG are Long at Waaaaaay higher levels

[Evenkeel123]

This post has been removed in accordance with Community Policy

[Retiredgeo]

Where are you getting that?? Queensway is the same type of gold deposit as Fosterville.  All mining norms hold. Management has stated that there is no 43-101 on the property yet because the property is still under exploration.  That is perfectly true. Queensway is a large grass roots project.  There is no cap on exploration expenses.

[Evenkeel123]

This post has been removed in accordance with Community Policy