New Found Gold Corp V.NFG

First Monetization Project …Keats Trench

[nozzpack]

Combined, Phase 1 and phase 2 Channel samples averaged 2 ounces per ton.

Concentration ratio ( proportion of drilled rock containing economic ore )  is 11 %

PROJECT.......FS by Boot strapping KT to 25 meters.

KT is 200 m long, 70 m wide .
Depth mined is 25 meters
SG is 2,85 tons per cu meter .
1 ounce= 31 grams 

We have...200  X 70. X 25 X 2.84 X 2 Oz  X 0.11  = 190,000 ounces of gold 

Gross value @$3700 CAD per ounce = $700 million 

Divide by 2 to be very conservative = $350 million CAD @95% recovery = $ 335 million 

Thats a lot of cash coming into the coffers , making redundant any further equity raises.

[nozzpack]

Maritime has an extra  gravity separator at its Pine Cove Mill  on hand just in case KT proceeds. ES has a position in Maritime as do 5 other mining companies while NFG holds warrants..

[suregold2]

NOZZ, we will have at a minimum at least one more capital raise Most probably by end of January or early February! We will be down to $14 million cash or even less by January 31! That is danger zone. I fully expect a major announcement early in new year (Feb 15 at latest) of a major mining company taking a 10% position in NFG at a price far above existing market price ($6 or more per share

[suregold2]

Bob Friedland is one of the most successfull and smartest guys in the business!  Connect the dots! Good times are a coming!

[nozzpack]

ES is now in control . DL is gone. CK now a figurehead . Watch ES,,

[GoldenOrb]

   Exactly, ES is NO fool & NFG being his largest investment will10 bag it or better, not many have succeeded in this wild west, free-for-all business like ES.  He knows how to monetize NFG.     Sure the sniveling short sellers beg, steal & borrow shares (many multiples X actual shares) & undermine , that's their goal.  There's a strong short

[1condor]

suregold2...You cant be serious!! You are expecting a major to come in and pay 6 bucks "or more" a share for a position (and all happening in the 1st quarter of 2025??). That is the biggest BS call I have ever seen on this board...and there has been some real dandys here in the past. In fact I am going to keep your post and reissue it in 2025. LMAO.

[suregold2]

Believe it or not, I owned a junior trading at $2.40 on a Thursday evening close some 20 years ago. On Friday morning around 10:00 AM if memory serves me correct, we got a NR with news of a major buying a 10% interest at $5.25 per share. So, believe me it is possible. NFG has to raise funds here before February 15. Maybe it will be another flow through or an ATM issue, but my bet is a deal for an

[unclebobby]

Well I paid a hell of alot more than 5.25 for my shares  as long time bag holder so far, believe in the numbers of high grade results and will continue to hold. A believer 

[DanWarren]

I used to think you were an independent trader, Condor 1, who occassioally came on this board and gave his opinion   Lately, you are looking more and more like one of Bucco's LEGIONS of IDs, but one that he keeps in reserve and uses very sparingly.........but the 'sparingly' has now been tarnished.   The events in West Africa put a new spotlight on just how vulnerable

[DanWarren]

eyes the article from Rueters on the African recent debacles....forgot to put it in the posts .... https://www.reuters.com/world/africa/mali-arrests-niger-site-seizure-rattle-western-miners-2024-12-11/