Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

Metals & Mining Gold
New Found Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises an approximately 1,662 square kilometers area, located about 15 kilometers (km... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > Eh Dixie, you keep talking about value of gold in ground
View:
Post by Evenkeel123 on Jan 22, 2025 4:28pm

Eh Dixie, you keep talking about value of gold in ground

The value varies from all takeovers, and as the takeover markets whittle down to the bottom valuations, the price of the gold in the ground drops substantially in most cases/

Here are the numbers for 2021, and pay attention, this is only for the top 10.

For the top 10 acquisitions, over ~95 Moz of gold switched hands in 2021 in deals valued at over $17.5 billion for TSX and TSX-V listed gold companies. From our calculations, this implies a $/oz average valuation of $144.11 per ounce of gold.

So from that number, $ 144.11 per ounce, it drops as the deals become smaller in most cases.

It is impossible to state what the value of any gold in the ground at NFG is worth because the MRE is not completed yet, thus no average grade is known, ounces is not known, etc. So a long way to go to final evaluation of the portion of the structure that is being done.

EK		            
Comment by Keepdigging on Jan 22, 2025 8:40pm
Yes, But,,, how many tons of rock to get that ounce...  GRADE IS KING
New Found Gold Corp