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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 wreakhavokon Aug 24, 2019 3:08pm
116 Views
Post# 30062538

RE:Albert is looking after himself again.

RE:Albert is looking after himself again.Maybe so. But since May, the gold is still in the ground on their property in a great jurisdiction...it hasen't gone anywhere.  The truth is that gold is becoming harder and harder to find.  Even the big companies are consolidating.  

Back in early January, the price of the stock was .15   ... but the price of gold closed at $1317.  Today the price of gold closed at $1537  ...but the stock price is .07.

There is something wrong with that picture.  Downside:  couldn't get much worse.  Upside:  a double at least.  The stock incentive options seems pretty self-serving priced at .10   .... but it also tells us that management has some faith in the company, and still well above .07 .

Out of curiosity, in 2016 the stock was in the .50's. but the price of gold was $1325.
Bullboard Posts