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NevGold Corp T.NAU


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

Metals & Mining Industrial Metals & Minerals
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

NevGold Corp > Hannukainen vs. Kaunsivaara
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Comment by Lehighgulchon Mar 06, 2013 8:42am
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Post# 21085905

RE: Hannukainen vs. Kaunsivaara

RE: Hannukainen vs. Kaunsivaara

Jays

 

I round numbers CApex about $425 million, Opex about $36/tonne.  Rail with in three km of mine, power available, Finnrail willing to up grade rail line (which in fact they did), Kemi port with Quay available, finns willing to drege channel and port for HandyMax ships (40,000 tonnes).  Management at the time recommended doing Hannukainen first and let the Swedish side infrastructure mature.  Yes it would only be 2 to 2.5 million tonnes per year but with the copper and gold creit it pucked money.

What stopped it EGO is what stopped it.  KAW and Anders EGOs got in the way so now the company is shot, the bond holders are not getting their interet payment, and the shareholders are taking it in the shorts.

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