New Found Gold Corp V.NFG

Latest Napkin Math 6.7 m Oz ..$2.5 billion in ground

[nozzpack]

Latest Napkin Math Estimates 6.7 m ounces ..

...at a 0.3 gram cutoff which should be close to reality for commercial mining but somewhat higher than Kinross Great Bear deposit

The DeGrey buyout, just announced , valued Messured , Indicated and Inferred ounces in the Ground  at $350 CAD per ounce which places those ounces at about $2.5 billion cad.

It can be effectively demonstrated that Napkin math will under estimate gold resources of exploration plays relative to FS ounces for which Napkin Math does an excellent estimation job..


https://miningexplained.com/new-found-gold-napkin-math-2024-10-31/

 

[Dixiedee]

And we currently trade at 600 million valuation and have 35 million in the bank so there is a lot of upside in valuation to come 

[RockyFeller]

Thanks. I've never seen this 'Napkin Math' before. When all is said and done, I believe there is a lot more than 7 mil ozs. at Queensway. I'm assuming the AISCs will be fantastic as well. A lot of people have lost interest in NFG, so a resource estimate can't come soon enough to get the SP back to all time highs.

[Retiredgeo]

Until the MRE is released all market estimates have to be taken with a handful of salt. I have long estimated 5 million down to 400 m; 25 million down to 2000 m and 100 million property wide.  We shall see.