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Northern Lights Resources Corp C.NLR

Alternate Symbol(s):  NLRCF

Northern Lights Resources Corp is an exploration and development company that is advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona; and the Medicine Springs silver-zinc-lead Project located in Elko County Nevada where the company is in joint venture with Reyna Silver Corp.


CSE:NLR - Post by User

Comment by ValueProon Oct 12, 2022 10:27am
36 Views
Post# 35019413

RE:RE:RE:RE:news

RE:RE:RE:RE:news"Roughly $150-200 per meter cost (depending on location)....Do the math and you can see what will probably have to happen."

When I said that we would find out soon enough about how they could proceed with what cash was on hand, I strongly suggested that a new financing must be ahead before a drilling program could be initiated.  I will also offer that I do not see this happening before Reyna Silver reports on drilling results are Medicine Springs.  If results are good, that should boost the stock price making financing less costly (and less damaging to shareholders).   Everyone wins.

Without that, a financing at this time would be fooling, and a bad report from Medicine Springs would mean light out for NL.   

VP in AZ
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