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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 _Highlander_on Nov 23, 2018 5:11pm
76 Views
Post# 29016108

Share price

Share priceLast week NUG shed almost 45% its value, it has droped from 17 to 19 cents all the way to 10 cents at its lowest today, ( yes i bought at 10.5 ).   While two dry holes are disappointing,  they are certainly not evidence the property is dry, in fact dill program after drill program has indicated that the opposite is true.  People investing on one hole gambles, i certainly hope most of you are gone,  perhaps in the future you might want to take the time to read the SEDAR fillings before you dump, had you, you would see that they have 6.3 million in the treasury, and the the value of the company, outside the intrinsic value of the property is based at 30 million, given that iceberg north probably has about 250 to 400k 0Zs and Serena likely has double that, you'll note that the value of the company is considerably higher than the 30million its valued, but by all means continue to sell your shares for nothing, you'll note there have been no shortage of buyers willing to take them, and thats for good reason.  GLTA
Bullboard Posts