Post by
Summerof69 on Dec 31, 2023 11:49am
If hole 2 …
... delivers a discovery, then it's game on. Share price should respond in a positive way. Then they do another raise at higher price and start delineation drilling to see how big the deposit is.
Or if a duster, my guess is they jv the property and dilute in this manner. Albert will avoid the rollback at all costs in my opinion. Let someone else spend the money to finally kill the project or make a discovery. Albert likey to choose the jv route rather than more share dilution to keep 100% with all the risk.
Just speculation on my part. Albert has 46 million fully diluted shares/warrants/options in his name. If NUG does a 60/40 jv or 70/30 jv and the jv partner eventually makes a Goldrush clone discovery with a conservative valuation of $1 Billion, NUG with 40% would be worth $400 million or at 30% worth $300 million. Or for easy math, about 40 cents to 30 cents per fully diluted share.
46 million at $0.40 to $0.30/share would be more than enough for Albert to retire comfortably!
Do your own due diligence and don't listen to me. I am a novice investor.
Comment by
Shoot4stars on Jan 02, 2024 4:43pm
I'm thinking this week we wake up and NUG says good result and they keeped insidersi in the dark glta.
Comment by
mrsgoldminer on Jan 03, 2024 2:06pm
Pie in the sky dreamers.Get ready for the big roll-back if all duds. The cyclical nature of the market is the second most important thing that you have to know after psychology Thou shalt understand the market and it's psychology buy low sell high