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NevGold Corp T.NAU


Primary Symbol: V.NAU Alternate Symbol(s):  NAUFF

NevGold Corp. is a Canada-based exploration and development company. The Company is targeting large-scale mineral systems in the proven districts of Nevada, Idaho, and British Columbia. Its projects include Limo Butte Property, Nutmeg Mountain Property, Cedar Wash Property, and Ptarmigan Property. The Company’s Limousine Butte Property is located in east-central Nevada approximately 105 kilometers north of Ely, Nevada, and encompasses approximately 6,650 hectares. The Cedar Wash is an exploration-stage gold property located approximately 300 km South-Southeast of Limousine Butte in Lincoln County, Nevada. The Company’s Ptarmigan property is located in the Purcell Mountains, approximately 35 kilometers west of the village of Radium Hot Springs in southeastern British Columbia and comprises 9,287 hectares. The Nutmeg Mountain property is located in Western Idaho, comprises 1,724 hectares of Federal unpatented mining claims, 12 patented claims and two leases of private land.


TSXV:NAU - Post by User

Comment by datoon Jan 25, 2013 12:10pm
167 Views
Post# 20890568

RE: RE: RE: what happened here??

RE: RE: RE: what happened here??

So - Anyone want  to give these clowns some stock options?  If I get back into this company I will closely watch the issue of executive compensation (& be vocal about it). On the face of this huge cost overrun I'd say there is a management problem that needs to be looked at.  I've been sitting here trying to work out a valuation for an entry point where this becomes a bargain to get back into.  Unless ore prices stay above about $150 I can't see this company making money after the new financing. Also I'm unable to determine what the prices are for forward sales contracts they've entered into - so the numbers are a best guess. Anyone else doing numbers I'd appreciate your thoughts????

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