New Found Gold Corp V.NFG

Gold in the ground

[Dixiedee]

Annual acquisitions of gold in reserves, reserves & resources, 2012-21

Year	Average market gold	No. of deals	Deal value $M	Gold in acquired reserves (Moz)	Price paid for gold in reserves $/oz	Gold in acquired reserves & resources* (Moz)	Price paid for gold in reserves & resources $/oz
2012	1,669	9	5,316.3	37.6	141.26	85.8	61.94
2013	1,411	10	6,041.5	55.0	109.80	121.8	49.59
2014	1,266	9	6,137.9	31.2	196.53	82.7	74.26
2015	1,160	8	9,481.5	63.7	148.90	196.6	48.23
2016	1,248	8	2,193.0	20.3	107.89	40.0	54.80
2017	1,257	12	3,182.7	38.8	82.08	95.0	33.51
2018	1,270	9	9,361.6	34.9	268.03	85.7	109.18
2019	1,393	12	18,679.2	97.6	191.37	223.0	83.78
2020	1,771	16	13,144.1	58.4	225.22	139.1	94.47
2021	1,800	7	14,479.9	33.2	436.41	84.5	171.45
Totals/averages		100	88,017.7	470.7	186.98	1,154.2	76.26

[shiftyone]

I look at our neighbour marathon.  They received about $50 cdn per ounce for their gold in the ground.  And it was fully permitted.  And mine construction well underway with about $300 million or so invested in the building of the mine.  And a short window of time to get into production.  But they had debt which was taken over as well. If for simplicity sakes we cancel

[Dixiedee]

The list is actual deals that where done 100 of them from 2012 to 2021 your guess work on marathon  is just that you seem to pull # from thin air and make it to whatever conforms to your latest idea  facts are facts guess work is guess work  resource and reserves have two different values but the lowest resource one in the group was 40 US  for resources move it to reserves and

[shiftyone]

I'll go back and look later... to see how much debt they had.  And how much they had invested in the mine construction.  I'll look at resources versus reserve... I won't apply any value to them being able to complete the mine in roughly a year from the time it was taken over, or that it was fully permitted. The fact that MOZ shareholders received around $200 million is not