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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

View:
Post by goldanalyst on Jun 05, 2023 7:48pm

Takers

"There should be no takers.....not sufficient info yet to do this."
 
not sure I agree.... the market is valuing the stock... everyday and reevaluates with every NR
 
I researched a number of companies with similar MC (1-1.5B) and with somewhat similar stories
 
I think the market is giving us 5 million ounces right now
 
Spoke with a number of old time mining guys and to a man they're all calling for north of 50M ounces once all is said done. I'm thinking they're being conservative. Wait until they go deeper. Gonna be a while until we know for sure but it's going to good times eventually 
Comment by Global1966 on Jun 05, 2023 8:12pm
Valuing is the key word. ES says the market values along traditional terms. 15g a tonne ore produces 40 to 50 times the profit of 1 to 2 gm per tonne.
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