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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
Comment by _Highlander_on Jan 23, 2018 2:49pm
119 Views
Post# 27418149

RE:52 week Low

RE:52 week Lowmanagement needs to figure that one out, they significantly expanded their gold zones since the highs of 2016,  they have established a 1200 meter llong  target at Avocado and 200 by 300 meters of higher grading at Serena, and the epithermal at VIO,  but they stock sits in the basement even with gold at 1330.  So why, because traders don't care about or are too uniformed regarding the expansion, they are triggered only by grades,  NUG spent to many drills on step out holes and should have placed some resources on expanding the grades especially around the 199 meter hole at avocado and the the first Serena hole, the market is very different than 10 years ago, and with a variety of options for people to invest in they want quick entertainment and returns.  NUG will be fine, theres obviously allot of gold on the property and they have just begun to scratch it, but yes they have to rethink their strategy, they can't just cater to institutions, the stratagey was obvioully geared at attracting a thrid party to the table and that may still happen, But  they have to entertain the crowd, they're apparently alot of people watching on the side and now you have a problem, no one wants to move unless the other guy moves frist, so the heard is all sitting there looking at each other,  Win the Crowd win your freedom - gladiator
Bullboard Posts