Bullboard - Stock Discussion Forum NuLegacy Gold Corp V.NUG

Alternate Symbol(s): NULGF

Metals & Mining Gold

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... see more

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NuLegacy Gold Corp > Quick math +\-

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Post by Shoot4stars on Jul 14, 2021 12:03am

Quick math +\-

I As extracted from Barrick’s Q4-2013 and Q1-2014 reports. As reported by Barrick, the Goldrush resource contains 8,557,000 indicated ounces of gold within 25.78 million tonnes grading ~10.57 g/t and 1,650,000 inferred ounces within 5.6 million tonnes grading ~9.0 g/t.

If we are comparable
9 million ounces multiple $ 2,000 an ounce =18 billion

Sell for 2 billion = $ 4 dollars a share

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