New Found Gold Corp V.NFG

Napkin Math

[RockyFeller]

If it is 7 mil ozs. currently at $3600 CDN gold price, that's 25.2 billion in ground value

[Retiredgeo]

Yup, but does anyone care?  I thought like you 3 years ago only to watch one of the richest gold deposits in Canada sink from $12 CAD/share to $2.30 CAD/share.  I share Eric's dismay.  It is a crazy world out there where gold in the ground is now next to worthless!

[Evenkeel123]

It's only worth what someone is willing to pay.  A lot of reasons go into such a decision.  Every ore body is different, and most aren't economical to mine.   EK

[nozzpack]

That is correct ....over $25 Billion CAD in the shallow open pit ground at QWN, and of the highest grade in the world which can be mined very very cheaply. $100 per share for those 7 million ounces which is not even close to the real number of ounces, which my proximate estimates are around 20 million ounces for the shallow discoveries todate and perhaps as high as 100 million ounces as

[RockyFeller]

To go from over $12 a share to $2.50 is frustrating, especially as the drill results have increased the footprint and have been stellar. People get too impatient and end up dumping the shares, when patience will be rewarded. John Rubino just dumped it out of frustration very recently as well as his ELO shares. I've got time to wait. Gold stock SPs have been kicked out of favour, while the gold

[1condor]

RockyFeller...you say "Gold stock SPs have been kicked out of favour, while the gold price is at record highs"??? You have been hanging out with the NFG crowd way too long. Come on over TXG...a real gold company...that actually goes up with the commodity.

[Dixiedee]

Did you ever get the info on the forward sales ( derivatives ) that are in place and the terms