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Post by likeike on May 2, 2024 14:10:11 GMT
ikehedges @fibonaccimike I think you are too far into the weeds here fib. You asked why I feel the company is worth the investment, and I told you. Should I take into consideration taxes and SG&A....sure. should I take into consideration there is 20Moz on the property.....maybe, but I haven't. @alwil106 @fibonaccimike To understand NFG you have to understand KL, it sounded to me that it was good luck with that continued investment in KL, you haven't answered the question, it sounds as if you haven't heard of KL, you are right about having an understanding about large numbers but not only the numbers you are thinking of, have you heard of how the base things in this world can confound the mighty, look it up you might learn something.
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Post by likeike on May 3, 2024 16:08:31 GMT
Comment by BladeMasteron May 03, 2024 11:21am
10 Views Post# 36021707
RE:Exploits
Yeah, as I commented last week, would not be surprised if NFG tried to stich up claims along the AFZ and Exploits is likely on their target list ~ NFG understands the gold system very well, and Exploits is likely sitting on serious concentrations
If NFG paid $20M, I'd consider it a steal...
Why? Even if 10M oz are ultimately proven along the AFZ (which it's likely going to be considerably more, or so I hope), At near surface, assuming AISC of $1000 /oz, that would leave roughly $1000 / oz profit (at today's prices)
10M oz * $1k profit = $10 B, that would be a 10 X to current market cap, taking share prices to $50 / sh
Keep in mind, ES has referred to geological surveys that have compared NFL to the Abitibi gold system, which produced 200M oz... Hang on to your jock straps boys... BOOM!
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Post by likeike on May 6, 2024 22:16:05 GMT
Comment by DanWarrenon May 06, 2024 3:05pm
45 Views Post# 36025530
RE:RE:RE:RE:Lots of idiot posts by Bucc and followers today and
Just GGG's keeping the vast historic record of all the very high grade hole NDG has hit is invaluable.
These gold stocks, esp. the explorers, take Long time frames as they explore, and later develop , if successful, their projects.
NFG is like the Road Runner , compared to the rest of the run of the mill explorers, which are more like Will E. Coyote.
GGGs long list of historic drill holes, in order by time frame, is jaw dropping when one views it. It's easy to forget the massive progress NFG has made in fantastic drill results, due to the slow moving nature of exploring such a vast property as Queensway.
Viewing GGGs list makes you realize Queensway may be one of the most spectacular gold discoveries in North America in many decades.......
Maybe, as Erich Sprott has said, based upon one geologists study of Newfoundland vs the Abitibi greenstone belt, which has produced around 200 million ounces of gold over the past hundred years or so, Newfoundland is comparable to the Abitibi.....and if so, it appears that Queensway is in the commanding position of gold mining in Newfoundland....there is no telling how much gold is in Newfoundland, and contained in Queensway.
NFG is priced as if there is just a few million ounces. CHances are that Queensway may well have multiples of that amount, and high grade, and much near surface. And, all in easy access of roads and Gander, a town of > 10,000 with skilled mining labor force. And Queensway is accessible year round.
It just doesn't get any better than this for gold exploration companies, with the option to start producing from open pit ASAP, if NFG chooses to do so.
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Post by likeike on May 8, 2024 1:29:39 GMT
Post by shiftyoneon May 07, 2024 8:18pm
50 Views Post# 36027948
I will tell you exactly what is going on here
This is a massive discovery. One of the biggest in the world. And someone wants to continue owning 20%. And the decision they made is to continue drilling and not give any estimates. To keep the share price down.
When more financing is needed, they will particpate. But they want it to be at as low a price as possible.
This is likely a 50 million ounce deposit. Perhaps more.
Do they want to announce that to the world? Not likely if they plan to keep investing in it for further successful drilling.
This is a great 10 year hold. Put it away and forget about it.
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Post by likeike on May 8, 2024 14:15:32 GMT
Comment by BladeMasteron May 07, 2024 9:59pm 74 Views Post# 36028081 RE:I will tell you exactly what is going on here Assuming $1000 / oz profit (close to surface, open pit, etc) At 50M oz (which I personally would not be surprised, given comparison to the Abitibi), that would make total profits somewhere around $25B to $50B At $5 / share currently, NFG currently has a market cap of $1B... I mean, sure there will be some dillution as financing goes through, but seriously... Are we looking at a 10X, 20X, 30X?  HOLY SH*T |
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Post by likeike on May 10, 2024 13:30:00 GMT
Post by Retiredgeoon May 10, 2024 6:45am
105 Views Post# 36032941
The big picture
The Appleton fault zone is the new Cadillac break. The Queensway property is the new Abitibi. The big boys know this and when the time is right they will buy up the entire company/property. With gold reserves declining and with the price of gold escalating it could happen at any time. There is a lag between the higher price of gold, the big boys raking in the cash and the big boys spending their cash. Wait for it!
As I have said many times before I believe NFG has 5 million ozs down to 400 m, 25 million ozs down to 2000 m and 100 million ozs property wide. Historical gold production from the entire Abitibi has been ~200 million ozs. Of course Queensway will be developed. The rest is detail.
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Post by likeike on May 12, 2024 21:57:16 GMT
@ataloss1not many have broke even on junior's if they rode it for the last 2 years. As always timming is everything. But so is picking good stocks. Take a sober look at your junior's... Is the reason you bought them still in play? Probably not. No money to drill and only more dilution comming just to pay the management. Drop the bags and buy the ones with a posibility of a deposit. You guys already know this. Those bags you hold need to go bankrupt. Help them... Dump the shit...Buy $NFG
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Post by likeike on May 13, 2024 15:50:50 GMT
Post by Gangstermeon May 13, 2024 10:14am
40 Views Post# 36036682
More results due
They should had more results. They have to be waiting for additional results before announcing. It has been almost 4 weeks since the last announced results. Would like to see some drill results from at least a couple of deeper holes in any location,
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