New Found Gold Corp V.NFG

How much is gold in the ground worth?

[shiftyone]

If there is no plan to get to production or cash flow?

If the MRE and FS show 7 million ounces for example.  Would it be $100US an ounce?  More or less?

I know there are many factors involved.  Like the costs to extract, if it was underground or open pit, the costs to build a mine and the timeline.  How large an area it is over, depths. Much of this will come out in the FS.

But on average, there is a very wide range in how much the gold in the ground is valued at.  There is also the added value that NFG properties have hardly been touched in terms of drilling, so whatever the MRE states, there is  much more gold there.

What do people realistically think, if they come out with 7 million ounces proven and probable?
A billion dollar market cap?  More? Less?

[shiftyone]

Ps.  If the MRE and FS end up being a major boost to shareprice, it is unfortunate that they will likely have to raise money before they come out.

[Gangsterme]

Another in the ignore as not a clue!

[DanWarren]

Hmmmmm........ $200 to $400 USD per ounce in the ground, given the overwhelmingly favorable location of Queensway, and added in the prospects of finding more gold. The location in a temperate climate, the drilled areas within eyesight of the Trans  Canadian Highway, power lines going across Queensway, labor force available in 10,000 population  town of Gander, with its international

[Dixiedee]

you are correct the latest deals have been in 300 plus range and as high as us$ 400 in the ground  we have jurisdiction,we have infrastructure,we have friendly goverment in NFLD we have high grade we have potential for a few open pits to start and we have what appears to be a rising gold price continuing in 2025 so all is pointing to a higher end price at some point if they go in that

[shiftyone]

The days of 100 US$ per ounce in the ground or long gone just like a $ 2.00 lb of butter or a dozen eggs it's almost 2025 not 2015 any more  -------------------- I'm not sure about that.  there are many junior exploration companies that are valued at $50 cdn per ounce in the ground when they have no path forward to production.  jmo.  

[Dixiedee]

If it isn't economically sound it is worth zero in the ground .I'am talking about an economically sound discovery in a friendly mining jurisdiction with high grades and accessible infrastructure ( roads ,airports,electricity,water ,etc) We have all of that with Newfound Gold . All the factors that go into a higher price in the ground can be checked off already it's just how many ounces

[shiftyone]

If gold in the ground is worth $3-400 an ounce.  Then NFG has a serious marketing problem.  Because the market is only pricing it like it has just over a million ounces at those prices.  They have done a lot of drilling, with a lot of high expectations.  If the MRE comes in at I'm guessing less than 7 million ounces, with some of it requiring underground mining, I don't

[Dixiedee]

Ounce the MRE comes out it will be repriced maybe at 175 to 200 per ounce but that's not what it will be sold for in a buy out it would be much higher or what it would be if it goes into some form of production .The lows are already in and the repricing is about to start in anticipation of the MRE and PEA and possibly them putting part of the ground into production themselves .Ethier way this

[nozzpack]

Valuation of gold in the ground has multivariate price drivers. Drivers.. 1..43-101 ounce composition  Reserves have the highest valuation, Inferred the lowest  ie an MRE comprised of 75 % Reserves will have a valuation multiples higher than one with 75% Inferred. Reserves are largely drawn from the M &I Categories ..imo where most of QWN shallow ounces will meet drill spacing

[nozzpack]

Over arching all drivers of gold value in the ground is demonstrated productivity . This can only be achieved by controlled mining of the economically defined resource....aka test mining, and bulk mining as key inputs to boot strapping an empirical FS  That is why test mining of already stripped and Reserve Quality  starter pits such as Kent's Trench and Iceberg Trench can be the

[unclebobby]

Yes Nozz  this is what dreams are made of  and NFG is it. E.S. knows it .  I know it is a crazy number and would  be too large to say without  being embarrassed.  Jmho