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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

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Post by farroukon Oct 27, 2011 1:57pm
277 Views
Post# 19186889

My Hopes

My HopesSooner or later this dog is going to realize its value. From my and others calculations fair value for this point in development is around 20 NOK.  With the loans in place and the bloody stupid Norwegians done selling we should easily hit 30-40 NOK. I am assuming iron prices don't completely collapse and stay around 100-150 USD/T ave for next 5 years. This would imply an conservative upside of 500% but interestingly, if you bought 5 years ago almost a zero return on your investment.
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