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NuLegacy Gold Corp V.NUG

Alternate Symbol(s):  NULGF

NuLegacy Gold Corporation is a Canada-based exploration company focused on exploring for high-grade Carlin-style gold deposits on its premier 108 sq. km (42 sq. mile) district scale Red Hill property. The Red Hill is on trend/adjacent to three of Nevada Gold Mines' Carlin-type gold mines; the Pipeline, Cortez, and GoldrushII. Its Red Hill Property is located in the Cortez Gold Trend of north-central Nevada, United States (US). The Red Hill Property encompasses a total of 1,363 unpatented lode mining claims covering approximately 108 square kilometers (km2), of which 881 mining claims totaling approximately 68 km2 are owned, subject to certain underlying royalties, 100% by NuLegacy Gold Corporation and 482 claims comprising approximately 40 km2 are 100% controlled by NuLegacy pursuant to the Idaho Lease. Its Rift Anticline drill target (approximately 10 km2 within the 108 sq. km Red Hill property) has favorable Carlin-type gold system geology located within Nevada's Cortez gold complex.


TSXV:NUG - Post by User

Bullboard Posts
Post by BillSmith9on Jul 12, 2017 2:05pm
179 Views
Post# 26461034

These guys are neither fools or idiots...

These guys are neither fools or idiots...

So do not be fooled yourself.  Within reason, drilling results will be out when they are out. But these guys are smart enough not to waste effort paddling against what has been a strong current.  

Investors say they are contrarians, but most are not. Favorable news will catch more investors' attention when more investors are looking to invest in gold.  Currently they are not.  Last year the trend was that gold prices rose through July.  2017 has been very different.  Add to that the rebalancing of GDXJ, and it has been a more hostile year in which to release news, even if they released identical news to last year's news stream.

I increased my focus on precious metals several years ago, hoping to catch a few rising star explorers as they benefitted from a muiti year rally in the price of gold. It is one thing to own the best homebuilder, but it is way better if people are actively buying houses.

My hope is that GDXJ and the low in gold are behind us, and that the sheep start following us.

Bullboard Posts