"May have over one milion ounces...expandable..."What do you suppose that is worth? I wanted to cite a source, so I went looking. The link below suggests it varies by difficulty to extract, mining jurisdiction, etc. but a place to start is at 10% the spot price of gold. That is currently around $1,240, so 10% is $124. That's an amount that concurs with what I'd heard.
A million ounces, expanding, on a
108 sq km parcel in
friendly Nevada, with perhaps a
handful of unexplored zones,
adjacent to Barrick's big mines. A bit of a premium might be warranted, No?
Anyway, that suggests $124 million and climbing. That's 4.37 times NUG's $28,325,000 value at yesterday's close. Values are $US.