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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

Comment by sysaphuson Feb 06, 2012 9:37am
247 Views
Post# 19493896

RE: RE: RE: Management

RE: RE: RE: Management

Ya this one is a toss up for me. Like I said I took some profit on Friday but may wait another couple of weeks to sell the rest. See what happens.

There is definitely a firm bottom on it now at $1.20. The only bad news left is the placement price which I am going to assume, since the fix has been in on everything else, that it will be the minimum. Hope for the best, prepare for the worst.

The only news after that will be about the progression of the project to production which should start to move the price up again. It's just a matter of how long will it take for the stampede for the door to end.

If one figured it was worth say $4 - $5 pre ugly financing that would now end up being $2 - $2.50 so still a profit for me.

Up in Frankfurt, down in Oslo. ???? in Canada today.

This is part of what I like about juniors.

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