New Found Gold Corp V.NFG

No tons

[RocksandStuff]

This stock is the most over priced thing I have ever seen. They have great intercepts but there's no tons here. Their drill spacing is like 10 m. I'd be surprised if they have over 1.5M Oz. If they ever put out a resource this stock will collapse.

[MaterialsMan]

Rocksandstuff, Not quite certain why you have posted so negatively regarding NFG. It probably does not not deserve a comment. However, the cart does not come before the horse. Infill drilling and resource estimates take time. We are looking at a new discovery. Proving out a resource does not happen overnight. I do not happen to be a geologist, but I do have a feeling that NFG is well on its way to

[RocksandStuff]

This sound like it was written by AI. They are over drilling it at 10m spacing just to pump out press releases. Either way anyone can do the math. To calculate tons just take length of the ore body x width x thickness then multiply by density which is about 2.7 g/cc^3 in this case. Then multiply by opt Au to get ounces. The math gives you a much smaller number than what the market cap would

[Retiredgeo]

Your information is incorrect.  They are drilling at 25 m spacings, which is normal in high grade systems. Your tonnage calculation assumes an ore of continuous grade.  That doesn't occur in high grade systems.  Furthermore, infill drilling with a 10 m spacing will be required for such a calculation. I'm not sure what math you are using for what part of the Queensway

[atchouk]

Let’s do some math exactly as you advised and consider Queensway North only. The AFZ mineralized envelope covers an area running 4.1 km in strike length by 400 m wide (see Page 7 of the latest NFG presentation on their website). Let’s quite conservatively assume that the average mineralized depth is 100 m (even though they found high grades practically from the surface to the depth of 300 m and we

[fredo1]

3g/ ton is too high based on current info. May be the case in sweet spots but not the whole volume.

[Gangsterme]

Brilliant observation, they will have to hire you to develop their plan of mining the deposit!

[Dixiedee]

The sweet spots are much much higher than 3 grams per ton 

[GoldTown44]

monster grades here. will be interesting in the months ahead. 

[atchouk]

1.5 M Oz? Do you really think so? Let’s do some math exactly as you advised and consider Queensway North only. The AFZ mineralized envelope covers an area running 4.1 km in strike length by 400 m wide (see Page 7 of the latest NFG presentation on their website). Let’s quite conservatively assume that the average mineralized depth is 100 m (even though they found high grades practically from the

[atchouk]

Sorry for a typo! I meant MC (Market Cap) of course (not MP)