New Found Gold Corp V.NFG

Bob Moriarty ~ Est. 10M to 20M ozs

[BladeMaster]

Bob's estimate is a strong indicator of what ES's model may be spitting out based on current drill results;

Worst case: 10M ozs?
Base case: 15M ozs
Best case: +20M ozs?

He agrees NFG should have gone w an MRE & PEA sooner (perhaps Summer 2024), bu thinks the surface grades are spectacular, confirming what many on the board have suggested.

Mainly that ore can be processed quickly and cheaply (based on trenching work done this year)

I guess we'll find out sometime in Q2 2025, GLTA!

[rockmstockm]

If the market even remotely thought this was a 10million ounce deposit the share price would be 20bucks

[Global1966]

The market is Sprott, Kettel and longs. The minority remaining don't count in their calculations

[nozzpack]

Thank you. The best case of 20 millon ounces or more is spot on my estimates using several different but aligned estimation models for the shallow depths less than 300 meters . Its not the ounces or the grades......we are world class in both . We lack aggressive proactive promotion and a management team capable of creative funding initiatives that annuls the shorters objective of passively

[BGraham2]

Blademaster - can you post a link to the document / video where Bob Moriarity provides the 10-20 Moz estimate?

[BladeMaster]

No problemo, here you go! https://www.youtube.com/watch?v=sk1T3KBkOJk&t=756s

[nozzpack]

Interesting statement but obvious to most of us is  Moriarity Statement that QW is quite different from  its sibling Fosterville and most other orogenics in that they have quickly found high grade gold outcropping right at the surface in most of their prospects ,more or less right beneath the feet. By using a water hose and trenching , these discoveries were stripped and can now be

[GoldenOrb]

Hi BladeMaster, at what "minute" does Moriarty mention this??  Didn't find it. Thank you

[GoldenOrb]

BM - I found the comments, thanks for the link.

[nozzpack]

Those who like simple comparisions to indicate the gross level of gold ounces uncovered by QWN drilling might just compare Valentine Lake gold metrics . V Lake three pits contain 5.1 million ounces  of gold at an average grade of 1.6 grams per ton. Both are orogenic vein based resources. 428,000 meters were drilled in an area smaller than QWN. 550,000 meters have been drilled in QWN with

[unclebobby]

Going to be a big big bang when they see the results, you won't be able to buy shares  fast enough. Imo