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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 jaysbc44on Nov 09, 2010 12:04pm
253 Views
Post# 17680692

Disillusioned

Disillusioned    OK let's get this straight.  Just before our DFS we were trading at 17.3 NOKS.  We've announced a positive DFS, with a NPV of $463,000,000. U.S. We've signed 2 off take agreements(one with 50 million in financing), we've got 50 million dollar line of credit with caterpillar, we've received 2 explotation concessions.  The Swedish govt. has endorsed us.  This am we closed at 15.2 NOKS.  The brokerage house NAUR is in bed with has been dumping millions of shares.  We are trading on the OsloBors with 58 Co.s.  The ease in which it is manipulated is reminding me of the pump and dump days of the old VSE.  The difference is we have the goods.  We have several analysts recommending a BUY, yet we continue to flounder??? Management is derisking our property, albeit much slower than anticipated.  I was under the assumption everything from off takes, financing(equity and bank) would have been completed by mid Sept. at the latest.  Commodities are booming, yet we are 2 NOKS below where we were several months ago.  Anders or Karl Axel please spend some money on promotion here in Canada as Oslo for whatever reason hasn't embraced our Co.  Please  apply to London ASAP.  This frustration should be unwarranted. 
Bullboard Posts