RE:NUG is a large holding for me.Hey bill, im not really to worried, im dissapointed in the market but not NUG.. If you read the the drill guidance, you can clearly see things are developing exceptionaly well.
The Western Slope has the potential for adding several or one large continuous deposit with gold grades similar to or possibly higher than the parallel Iceberg deposits.
It’s evident that the two holes drilled to test the Deep Iceberg IP anomaly (which lies between and beneath the North and Central Iceberg zones) both intercepted the edge of a mineralized system. Both holes contained similar carbonaceous pyritic alteration in silty limestones that are present in the Avocado drill holes three kilometers to the north. The holes have abundant intrusions, calcite veining and elevated levels of arsenic and antimony which is expected at the margins of Carlin-type gold mineralization.
The company clearly expect minerilization at both these targets, with the addition of the Serena, Avacado and VIO, you have a monster in the works, the bottom traders just sold this down on nothing other than speculation in gold price, that all this is. The firmer hands didnt budge