NuLegacy Gold Corp V.NUG

Drilling

[Sailormark]

So when does the drilling start?  And after they drill how long til results are given?

[Shoot4stars]

Drilling in a week rigs are on its way , , thru out December we will be getting results, if one hits we will take off like a rockstar 

[Sailormark]

If one hits where do you think this one will go? 

[Shoot4stars]

A lot more than 3 cents bud , you'll retire 

[Sailormark]

So how much is that? $5? Higher? 

[Shoot4stars]

I'm sure if there's a good hit .20 to .30 cents is on the table maybe even .50 cents , there would probably be a quick buyout before the price got out of hand, Barrick is our neighbor

[Sailormark]

Shoot4stars I just think if they hit and news gets out the volume will be huge and it will run like the bulls. 

[Chrysosgold]

Nulegacy is Barrick...It's just a matter of time 

[Sailormark]

So if they find gold with Barrick do a hostile takeover before the  price goes crazy?

[Shoot4stars]

Your getting wayyyy ahead of your self , first they drill and see if there something there, one hit with five holes on a massive property, let's say one in a million . it's lopsided in one direction, so if your a what if person here's you chance $$$$

[pms37888]

I would expect them to drill close to the best hole that they've ever done first and then outwards from there.  They have to have a winner right off the bat to support the stock price going forward.  The first  hole is reported to be done by the end of November but who knows how long the assasy take???

[Sailormark]

And what if they hit and it's a good amount. where does the price go?  Anyone's guess?  Does Barrick attempt to buy all outstanding shares?

[pms37888]

Barrick wont make any moves until all  5 holes are drilled and assyed completely.  If NUG has the goods Barrick might do a joint venture?  If NUG doesn't produce some great results and with having their ONE BILLION shares outstanding, then Barrick can pick up the entire property for pennies on the dollar.  We Wait And See.   I've had NUG shares all the way