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Post by likeike on Mar 6, 2024 16:53:23 GMT
youtu.be/lsLn4GNk9kAIt was nice to hear that there are only 5 mines in the world producing over 5 mill oz Au / year and that SEA will be able to do that for 27 year if it ever gets mining. Very interesting he said Barrick and Newmont in the last 24 years have doubled there share count and reduced their production by half and far less reserves in the tank since that time. Pondering this I am thinking more, as Rudy F. mentioned that they are now a district play, we are too and if we take the long game we should be going it alone. Seabridge has been around 20 years and they still need deep pockets to get KSM into production. In all this time I have regarded SEA as just putting lipstick on a pig, a very expensive pig, but I have to give them credit that they are a lot further along then I thought they ever would be without diluting themselves into oblivion and if the price of gold goes up it will only look better. NFG is in such a vastly different situation that can be mined on its own with careful planning and in record time. The tire kickers do not have the deep pockets they did in the past. They keep kicking and their time is running out before it gets too big. If seismic in the next 6 months proves the vast riches below time may have run out. The boss in the wings will have to be talked to and if they think they can get it for a steal they will be walking away carless. I keep thinking this project could be up and running for under 500 mill ....which is a song compared to the billions that SEA will still need after their huge lead time. All counter or otherwise comments welcome.
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Post by GGG on Apr 8, 2024 21:23:14 GMT
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Post by likeike on Apr 8, 2024 21:35:27 GMT
On Monday, New Found Gold Corp (NYSE:NFGC) saw its price target increased to $9.00 from $8.50 by Roth/MKM, with a continued Buy rating on the stock. The mining company has been recognized for its significant advancements in developing the Queensway Gold Project. According to the firm, New Found Gold has been effectively reducing risks associated with the project, which is reflected in the upward revision of the price target.
The company's recent completion of initial metallurgical tests revealed high recovery rates ranging between 90% to 96%, indicating a promising start for the project's processing potential. Furthermore, New Found Gold has been actively expanding its target areas and has successfully identified new zones of interest. These developments are pivotal in the project's progression and have contributed to the positive outlook from Roth/MKM.
New Found Gold's use of seismic surveys has been instrumental in enhancing the precision of surface-to-deep targeting within the Queensway Gold Project. The firm's ability to interpret these surveys has led to a more accurate mapping of high-grade veins and drilling of deeper targets. The company has also been proactive in clearing a broad area for exploration and drilling purposes.
The comprehensive approach taken by New Found Gold, which includes detailed mapping and resource expansion on a district-wide scale, has been commended for substantially de-risking the Queensway Gold Project. The firm's efforts have not only improved the project's resolution but have also showcased the company's capability in advancing the project effectively.
Roth/MKM's revised price target reflects the confidence in New Found Gold's strategic approach and its success in advancing the Queensway Gold Project. The company's progress in de-risking and expanding the project continues to attract positive attention from industry analysts.
InvestingPro Insights
With the recent spotlight on New Found Gold Corp (NYSE:NFGC) by Roth/MKM, it's notable to consider the financial health and market performance of the company. According to InvestingPro data, New Found Gold Corp holds a market capitalization of $741.56 million, indicating a substantial presence in the mining sector. Despite not being profitable over the last twelve months, as evidenced by a negative P/E ratio of -10.34, the company has demonstrated a strong return over the past month with a 10.8% price total return. This aligns with Roth/MKM's confidence in the company's strategic approach.
InvestingPro Tips suggest that while New Found Gold Corp has strengths such as holding more cash than debt and having liquid assets that exceed short-term obligations, it also faces challenges. The company suffers from weak gross profit margins and analysts do not anticipate profitability this year. Moreover, the stock is trading at a high Price/Book multiple of 15.39. For investors looking to delve deeper into these metrics and explore additional insights, there are more InvestingPro Tips available on the company's profile. Use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and discover the full range of insights that could inform your investment decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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Post by likeike on Apr 23, 2024 20:29:34 GMT
New Found Gold's Outperform Rating, Price Target, Maintained By National Bank after $20 Million Deal for Kingsway Project
MT Newswires - Apr 23, 2024 12:25 PM ADT
11:25 AM EDT, 04/23/2024 (MT Newswires) -- New Found Gold's (NFG.V) outperform rating and C$8.00 price target was reiterated by National Bank of Canada on Tuesday following the company's agreement to buy the Kingsway project in Newfoundland from Labrador Gold (LAB.V) for C$20 million in shares.
The bank said the transaction is at a relatively low cost considering that the transaction would nearly double the prospective strike length along the Appleton fault within New Found Gold's Queensway project.
The transaction is expected to close in the third quarter pending the approval of around 67% of Labrador Gold shareholders.
New Found is currently conducting a 650,000-meter drill program at Queensway.
New Found shares were last seen up C$0.12 to C$5.04 on the TSX Venture Exchange.
Price: 5.04, Change: +0.12, Percent Change: +2.44
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Post by likeike on Apr 28, 2024 0:38:31 GMT
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Post by likeike on May 6, 2024 16:43:44 GMT
New Found Gold: Interesting Prospects And Low Share Price
May 05, 2024 1:49 PM ETNew Found Gold Corp. (NFG:CA) Stock, NFGC Stock4 Comments
Alberto Abaterusso profile picture
Alberto Abaterusso
1.47K Followers
Summary
New Found Gold Corp. receives a "Buy" rating: strong upside potential from exploration in Canada's Newfound province near Gander City, and gold is poised for a bull market.
New Found Gold: Interesting Prospects And Low Share Price
New Found Gold Corp. receives a "Buy" rating: strong upside potential from exploration in Canada's Newfound province near Gander City, and gold is poi...
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Post by likeike on May 16, 2024 22:32:31 GMT
@alwil106 @snidely Seeing you asked, I find it hard to value NFG at $400 in the ground, I think it's worth a lot more, your comments. I think an in-situ ounce that comes from 20 g/t ore is worth more because it can be recovered at a much lower ASIC. So that is why I give it a $400 per in-situ ounce valuation while acknowledging that doing so does put it about 3 standard deviations from the mean - but I have no issues justifying that due to the factors above. 1 about 3 hours ago
@snidely You could very well be right. Personally, I find the entire process of valuation quite hard. You have to make predictions (educated guesses) about total deposit size, average grade, anticipated Capex to bring site into operation, and anticipated ASIC. I am not shooting blind in the dark, but there are definitely a few missing gaps that you have to fill in with what you think are reasonable assumptions when you do a valuation like this.
There is no question in my mind that we can would be above the mark of 10% of spot price as an in-situ value if there was an acquisition, the only question is how far above that line are we talking? I have no exact reason why $400 is the number I settled on other than the fact that it was about 3 standard deviations away from mean based on the existing research on prior mining acquisitions which would put NFG in the top 1%.
It is also worth noting that as the POG keeps going up, the 5-10% brackets also go up... so if it is 3 years from now and the POG is at $5,000, that $400 number wouldn't be the right one. As I said before, being low on my in-situ price per ounce estimate is one that I would LOVE to be wrong on! 1 about 2 hours ago
@alwil106 I think $2.5 billion is far too little for what I believe is a resource of between 10-20 million 30g/t of high grade ounces for what is probably the best discovery in the last 30 years, some of the best discoveries not as good as NFG have been paid $700 and above relative to the price of gold in the ground.
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