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NevGold Corp T.NAU


Primary Symbol: V.NAU Alternate Symbol(s):  NAUFF

NevGold Corp. is a Canada-based exploration and development company targeting large-scale mineral systems in the districts of Nevada and Idaho. The Company owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho. The Limousine Butte Project is located within the Basin and Range physiographic province of east-central Nevada. The deposits of the Limousine Butte Project are Carlin-type deposits, sediment-hosted, with disseminated gold. The Nutmeg property consists of approximately 1,724 hectares and comprises 210 federal unpatented lode mining claims, 12 patented claims, and two leases of private land. Its Cedar Wash project is a high-potential, advanced exploration prospect located in Lincoln County, 75 kilometers southeast of Pioche, on the southern flank of the Clover Mountains. Zeus copper project is approximately 40 kilometers northwest of the Nutmeg Mountain gold project.


TSXV:NAU - Post by User

Bullboard Posts
Post by Ken1234on Aug 18, 2008 10:48pm
585 Views
Post# 15393007

Sale Scenario

Sale ScenarioI am as bewildered as the other (very few) posters on this board about Northland's current share price.  At the same time there are many otherwise worthy junior mining stocks priced virtually at cash value.  There is a temptation to think that management would sell out however worst case scenario I don't see them entertaining this for less than a very significant premium on the last underwriting which I recall was over $4.00.  Practically, with $130 odd million in the bank and a gold property worth around $50 million, Northland's has staying power.  How much staying power depends upon their burn rate (anyone know what it is currently?).  In any event, however, they are less than 18 months from being able to put their first property into production in theory.  I suspect they would have by that time 75% or more of the capital required to do this on hand.  Really hard to be positive these days, but I'm still bullish on Northlands mid-term.
Bullboard Posts