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NuLegacy Gold Corp V.NUG

Alternate Symbol(s):  NULGF

NuLegacy Gold Corporation is a Nevada exploration company focused on discovering additional Carlin-style gold deposits on its premier district scale 108 sq. km (42 sq. mile) Red Hill Property in the prolific Cortez gold trend of Nevada. NuLegacy’s Red Hill Property is located on trend and adjacent to the three multi-million ounce Carlin-type gold deposits (the Pipeline, Cortez Hills and Goldrush deposits) that are amongst Barrick Gold’s largest, lowest cost and politically safest gold mines.


TSXV:NUG - Post by User

Bullboard Posts
Comment by _Highlander_on Nov 04, 2018 3:57pm
63 Views
Post# 28921615

RE:RE:RE:Where's the Beef??

RE:RE:RE:Where's the Beef??my issue has been the shareholder who don't know what they are buying and gamble on every hole. The SP went from, 19 cents to 13 on nothing other than skittish investors thinking a gold price movement of 100 dollars has any bearing on NUG, has they not done that when the last hole was released NUG would have gone from 19 to likely the high twenties, instead because of this knee jerk reaction it went from 15 to 22 and now back to the usual trading range of 17 to 19. Let me stress gold bouncing between 1100 and 1300 hundred which it has done for 7 years has zero bearing on what Carlin will be worth, if gold fell in half to 700 or went back to 1500 or 1600 yes that will affect NUG share price and should. NUG was trading in 30 cent range late winter early spring 2017 it dropped to 18 or 17 cents on a three broken drills at avocado, the skittish investors dumped this from which it has never really recovered and yet since then NUG has likely added a million or more OZs to its discovery with Serena, but the market has no idea or fails to grasp this, how many here understand the size of Serena and iceberg is a fair bit larger than Darkstar at GSV and continues to expand, Corvus which is booming has an Epithermal and while its a nice deposit, it wont have even close to the OZ a carlin with have or the recovery rate. So the next 2 or 3 holes, if they aren't off the charts, what then should every one dump like the property is a bust? now in the markets defense, NUG's management needs to do a better job in making the market understand this things I pointed out, they need to address why they cancelled the 43-101 and really should restart it with vastly expanded Serena zone added, I appreciate they are hitting for the fences but exploration is a marathon and isn't won with one homerun, usually ( yes there are exceptions ), a large OZs 43 101 as Epstein pointed out will likely have 3 to 4 times the amount GVS produced at prion and will do a lot for bringing up Shareholder confidence. Finally my last jab at them is this they burned through about 4 million this year and have 6 holes, they should have had 20 for that. After the last hole, I'm fairly confident this is the real deal and so are many others, including Cope and Weakly, but lets get some urgency going on with management GLTA
Bullboard Posts