NuLegacy Gold Corp V.NUG

Not much volume after the news

[pms37888]

I suspect most of the weak hands left today.  Not much volume after the disappointing news of hole #1.  Hole #2 should be another favorite of the Board.  Let's hope the Barrick Boys put one through the uprights.

[Shoot4stars]

Ya hole number 2 is everyone's favourite it may be lucky, we where waiting in spring for this drill program now Albert is in a rush to get results, are we getting this by the new year?  so they can tell us we have another duster in hole 2, I think they need to drill closer to the first , don't like the way this is turning out

[Summerof69]

The key phrase is "rush" assays from the second hole (after telling us they would be release near the end of January because the lab shuts down for the holidays. Lol. You don't spend the extra money when you have none to "rush" assays if you aren't expecting some positive results. My hope is they saw realgar or orpiment in the rock chips giving reason for hope. If

[Shoot4stars]

Albert just can't wait and it's not his money, if there was all this that you presume the stock would be drifting higher, the insiders must have info on this,  but on the other end we sure need something to carry on with drilling, I remember them saying about a take over at .15 cents before, now with something that is resonable with a result are we better off selling or moving

[Summerof69]

Albert owns 10,000,000+ shares. Holds over 26,000,000 warrants and over 4,000,000 options. That's more than 5% of the fully diluted. It is shareholders money. I am sure he won't be wasting it needlessly. And goodness knows he is never in a big rush to advance the project.

[Shoot4stars]

So if your numbers are right that's 40 million shares times a sell price of  .15 cents = 6 million - .05 cents for warrents on 30 million would leave 4.5 million for Albert, not bad cause he was paid all these years plus expenses.  now 40 million shares at a dollar = he's a rockstar       plus I don't know if your adding in another 40 million shares

[Summerof69]

I would gladly take $0.15/share. That would be 5X for me. But what is going to push it there? More dusters won't lmove the dial. And on the other end of the spectrum, a massive interval and grade and this thing has potential to do 100X to 200X assuming a Cortez Hills type clone. Do your own due diligence first. And don't listen to me. I am a novice investor.

[Shoot4stars]

So your saying a potential of 5 bucks, meaning a 5 billion property, now what would the price of these other mines close by be? I've seen 30% or so for property's of the gold in reserve or proven.  and the only thing that can move this is results, one good hit and I think we go 10 x from here

[INVESTOR7000]

I'm curious, the 2% gross overiding royalty added in May.....would it make sense to hold shares and benefit from the sale of the land? 

[Summerof69]

John Kaiser was following NUG a few years ago. He said a Cortez Hills clone would be worth between $3 and $4/share.  Gold was US$1,800/oz back then but fully diluted shares was also lower. So let's go with 100X as a quick estimate on potential  If they get a hit, an immediate and significant rerate would be in the cards in my opinion. Then they would immediately go to step out