New Found Gold Corp V.NFG

Ounces per share

[Dixiedee]

Shares outstanding including if all options exercised 20,049,477 shares 

5,000,000 ounces / 20,049,477 shares = .02369112717583 ounces per share

X 150.00 per ounce = $ 3.55 per share gold in the ground is trading between 150.00 and 400.00 in the ground 

High grade trades at a premium 
shallow open pit trades at a premium 
,safe jurisdictions trade at a premium,
good access to infrastructure trades at a premium,
gold in creasing price could add a premium

@ 10,000,000 ounces $7.10 per share 
@ 20,000,000 ounces  $ 14.20 per share 

Even at the low end with no premium for any of the above and assuming we have only 5,000,000 ounces we are still under valued curently 

I belive we will get some kind of premium and that we will have much more than 5,000,000 ounces 
we just have to many high grade zones with to many high grade gold intercepts in a large number of core samples stretched over a large flault

[longball44]

sounds nice.  i read somewhere that they have a guessitment at around 72 million oz. don't ask me where, can't find it now ???

[Dixiedee]

I have heard estimates from 5 million to 100  million ounces  They have more property and more results now then when I heard these estimates 

[Dixiedee]

shares outstanding 211,049,477 with options exercised  5,000,000  ounces  5,000,000÷211,049,477=0.02369112717583 Ounces per share   0.02369112717583×150=3.5536690763745 share price  10,000,000 = 7.10 20,000,000 = 14.20  gold in the ground is trading between 150.00 and 400.00 in the ground  High grade trades at a premium  shallow open

[Dixiedee]

I reposted this post because my screen on my iPad didn't type the correct shares outstanding with options exercised but the answers where still correct sorry for any confusion 

[longball44]

o yeah---- this is why over  SOLD.     this is gonna be  HUGE    these plays don't come around everyday.     

[Dixiedee]

This is US$ 

[DanWarren]

But, I think it would be a gargantuan mistake to sell out Queensway to Big Gold. The ultimate share price of NFG if it remains independent and retains as close to 100% ownership of QW as possible, will likely dwarf even the best buy out price from Big Gold you can now imagine. Forget about buy outs. We Dunn need no steeenkeen buyouts!