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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 > Napkin Math is Solid if Not Conservative..5 million+ ounces
View:
Post by nozzpack on Oct 28, 2024 2:21pm

Napkin Math is Solid if Not Conservative..5 million+ ounces

My calculations show that it fits very well with  independent calibration using 2024 TR parameters .

Probably Conservative  but at average depth of 275 m drillied excluding Deeps, we are talking about over 15 million ounces of above peer grades down to 1000 Meters .

Thats why the huge volumes..
Comment by Ragnartrading on Oct 28, 2024 4:29pm
Correct  I calculated 15 + millions oz before the additional drills at the "pistachio" The stock is hated and today was "throw towels" day. Unless I am very much mistaken, the bottom is in. But hey, been wrong before....   Markets can be silly longer than you can stay solvent.
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