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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 xmasteron Jan 28, 2013 9:06pm
201 Views
Post# 20902887

RE: RE: RE: 90% down in 3 trading day and...

RE: RE: RE: 90% down in 3 trading day and...

so it was trading for around a buck prior to this annoucment which give valuation of 514 million dollars.  If they are able to raise 250 million then lets assume project will go ahead as initially planned and we would return to full valuation of 514 million dollars but now with 3 billion shares fload as you calculated.

That gives me 17 cents per share value in the intermediate term.

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