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Bullboard - Stock Discussion Forum New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

Metals & Mining Gold
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 > price per oz.
View:
Post by RockyFeller on Dec 03, 2024 10:19am

price per oz.

at 600 mil market cap fully diluted, if thare are say 7 mil ozs. the market is giving each in ground oz. a price of $85 CDN. The AISCs to mine this will be fantastic, so what will the market value the inground ozs. for a takeout by a major? Any thoughts? Personally, I think 7 mil ozs. is too conservative.

Comment by Retiredgeo on Dec 03, 2024 11:13am
Free Gold ventures (an Eric Sprott favorite) has 30 million ozs in the ground worth $15 CAD/oz at current market evaluation.  Ounces in the ground aren't worth what they use to be.  The world has changed.
Comment by rockmstockm on Dec 03, 2024 3:10pm
Eric Sprott among all other marketers only tell you how great an asset is while they offload shares. These elk are all about making fortunes mining the investors not the resources in the ground
Comment by Evenkeel123 on Dec 03, 2024 3:14pm
Yes Sir, they mine wallets, and dine while the longs whine.  What a story, eh? EK
New Found Gold Corp