Follow-up comment on Sol Strategies
Technical Perspective: Price has crossed above both the 50-day and 150-day MAs. If we have a filling of the gap higher and a test of support at or near the moving average prices, It would be approprate to buy the dip with a close stop if you use stops or to beging accumulating sharers on a Dollar cost averaging basis with a goal of a three to four fold appreciaction target over the next two to three years.
New Found Gold Corp (NFGC) $1.75
New Found Gold has now set a plan for moving into production. Mining companies frequently run upwards when 1) a discovery is made and 2) the period between development of the mine and initial production.
The largest share holder Eric Sprott is an excellt PR/Promotor. Chairmand Paul Huit, Formerly with Karora Goild, is also a very well like person in the Canadian mining circles and spokes person. Thiese are intanglebles one cannot place a value on.
The news below is a significant development for those with a three year time line.
(PR) New Found Gold Announces Preliminary Economic Assessment for the Queensway Gold Project
| Dow Jones | Full press release with charts and graphs linked here.
— Solid low-cost production profile from year one via a phased mine plan:
— Phase 1: Low Initial capital cost of $155 million, builds average
annual gold production of 69.3koz oz Au1 at an AISC2 of
US$1,282/oz Au in Years 1 to 4 planned to fund Phase 2.
— Phase 2: Growth capital of $442 million, builds average annual
gold production of 172.2koz Au at an AISC of US$1,090/oz Au in
Years 5 to 9 paid back in less than one year.
— Early revenue potential: Initial gold production targeted for 2027
pending regulatory approval.
— Significant leverage to gold price: After-tax NPV5%3 increases to $1.45
billion from $743 million and IRR4 increases to 197% from 56.3% when gold
price raised to US$3,300/oz Au from base case of US$2,500/oz Au.
— Total production: 1.5 Moz Au over a 15-year LOM5 at an average total cash
cost of US$1,085/oz Au and an AISC of US$1,256/oz Au.
— Exploration upside: Significant resource expansion potential, both
near-MRE6 and camp scale over 110 km7 strike extent.
All amounts in Canadian dollars unless stated otherwise.
VANCOUVER, BC, July 21, 2025 /PRNewswire/ – New Found Gold Corp. (“New Found Gold” or the “Company”) (TSX-V: NFG) (NYSE-A: NFGC) is pleased to announce the results of a Preliminary Economic Assessment (the “PEA” or Study”) for the development of the AFZ Core on the Company’s 100% owned Queensway Gold Project (“Queensway” or the “Project”) located near the town of Gander, Newfoundland and Labrador, Canada. The Study is the first conceptual assessment of the potential economic viability of gold mineralization on the 175,450 hectare (‘ha”) Project.
The Company held a webcast to discuss the Queensway PEA results on Tuesday, July 22, 2025 at 10:00 a.m. Eastern Time, which will include a virtual presentation and a question-and-answer session with analysts and investors. webcast linked here.
Sol Strategies (CYFRF – soon to be STKE) $0.78
Sol Strategies represents a very interesting opportunity at the current price. They are all in on Solana (SOL) alt-coin. Solana has freatures neither Ethereum (ETH) or Bitcoin (BTC) has. Solana is very fast and very inexpensive to use. The primary uses of Solana are money transfers and Tokeneziation of Real World Assets (RWA). Both are very large scale opportunities. Sol Strategies is “all in” on the Solana netrork believing as I do, that any asset of value will be tokenized and onchain.
The unknown risks:
Sol Strategies has above average risk.
- Their business model is totally dependent on the Solana (Sol) Network for generating cash and stock appreciation. If Solana faluters, Sol Strategy could go out of business.
- Sol Strategies has negative cash flow and is not self sustaining at this time.
- Sol Startegies has access to funding of $550 million dollars and is working on raising another $1 Billion dollars. No one knows at this time if funding will come from stock sales, debt offerings or a combo of both. This means debt obligations &/or dilution of the stock.
Bottom line is there is above average risk. The reward if they are successful with their business plan this stock could runs multiples of its post reverse split price.
Accounts related to LOTM bought share of Sol Strategy yesterday and plan on adding to the position at current prices.
Keep yout position size in harmony with your risk tolerance. If the deal works it might be better to pay more at higher prices.
With cash on hand and funds available I believe we have nine to 15 months to see how the plan is implimented.
Good Luck.
Know your Company!
LOTM Research & Consulting Service
* An account related to LOTM holds a position in this security.
Neither LOTM nor Tom Linzmeier is a Registered Investment Advisor.
Please refer to our web site for full disclosure at www.LivingOffTheMarket.com ZTA Capital Group, Inc.
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