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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 elaelaon Feb 07, 2018 8:40am
114 Views
Post# 27517491

It's a little sad

It's a little sadWe have gone a long way in the past year. We have increased our potential property, our gold grades have slowly increased, new personnel with lots of experience has been added along with other news that should have brought the sp to a much higher level than what it is now. I've been around this company when the price was at .11 cents. Most of my shares were bought at the time. Then the news came about Oceana  taking a stake in Nug. That brought the price to our highest of .54 cents. Then the price started to retreat down to the levels we are at now. We can say the price of gold is at fault, or we can say potential investors are not understanding our grades, but I do know other gold juniors that have progressed and the sp shows it. We can call this a buying opportunity, but we've had these buying opportunities for the last year it seems. I have loaded up, quite a lot actually, how much can you buy?  Don't know if management is not too worried about the sp, but I certainly am. We are now in the winter season, which to me means I'll be sitting on dead money for a while, unless we get som unexpected good news. I'm not selling a share especially at these prices. Just going to sleep on it for a while. 
Sorry for the rant, but it's just sad. 
Bullboard Posts