New Found Gold Corp V.NFG

The cheapest way to invest in NFG

[shiftyone]

Is to buy LAB.

They have over 5 million shares of NFG.  They likely still have over $5 million in cash.  And the market cap is less than the value of their NFG shares.  So you can indirectly invest in NFG at close to a 25% discount to the NFG price.  JMO

[shiftyone]

Right now.... with the cash they have... I suspect just over $5 million. The market  cap of LAB is $11 million.  Subtract the $5 plus million in cash. That leaves the value of their 5.2 million NFG shares at about $6 millon dollars.  Or just over $1 a share.

[nozzpack]

Without an asset monetization option, NFG cannot signifucantly advance its asset value as measured by market cap. The MRE and PEA will add very little to the market cap imo. SGD is a very good example of this outcome. Investors will always look at the forward cost and time frame to initiate initial cash flows...and demurr. Currently, NFG has no secure option to mine and process it's

[unclebobby]

Mae  seems to have everyone by the chest nuts and can call the shots, yet it's shares  are .o8

[Evenkeel123]

MAE - is a joke - As of January 1, 2025, Maritime Resources Corp. (MAE) had 831,010,437 shares outstanding.  Right.  Maybe they can start a share buyback program, lol. EK

[MAKEITBACK]

        You know EK, you are a lot like the Cnadian news media. For years, I waited for them (CTV,CBC,etc.) to say one good word about Trump. It never happened. However, they amplified every fault they could find. (that is not to say he didn't have any faults). Well, you are the same. You amplify the weaknesses of every company you see. These are explorers with no income

[MAKEITBACK]

Is to buy LAB. They have over 5 million shares of NFG.  They likely still have over $5 million in cash.  And the market cap is less than the value of their NFG shares.  So you can indirectly invest in NFG at close to a 25% discount to the NFG price.  JMO How about an  MRE, LAB  merger?

[DanWarren]

Yes, but....if LAB sells NFG shares to raise cash for their own needs, then you don't own NFG shares through LAB.

[nozzpack]

LABs update this week confirms it will acquire gold resources. I have consistently held that it will be Big Ridge's 1.6 million ounce deposit in SW NL. Big Ridge is running out of cash but plans to complete its PEA in 2025. A near perfect match ........a NeeCo merger is established  ....except that the Big Ridge deposit is stranded physically and has no processing capability......on