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Northern Lights Resources Corp C.NLR

Alternate Symbol(s):  NLRCF

Northern Lights Resources Corp. is an exploration and development company. The Company is engaged in advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona and Caldera Copper Project located in Lincoln County, Nevada. The Secret Pass Gold Project totals over 271 hectares (ha) comprised of one State mineral license (212 ha) and eight Bureau of Land Management mineral claims (65 ha). The Caldera project consists of over 55 BLM mineral claims with a total area of approximately 418 hectares. It also holds a 1% NSR royalty on the Medicine Springs Silver Project in Nevada. The Medicine Springs Project is located on the eastern edge of the Carlin Trend in southeastern Elko County, Nevada. Medicine Springs is a district scale exploration project comprising over 599 mineral claims over a total area of approximately 4,830 ha. It also has an option agreement to acquire a 100% interest in the Horetzky Copper Project located in the Babine porphyry copper belt.


CSE:NLR - Post by User

Comment by ValueProon Oct 15, 2022 1:04pm
81 Views
Post# 35026799

RE:RE:RE:RE:RE:Won’t Surprise Me!

RE:RE:RE:RE:RE:Won’t Surprise Me!"Now the company is broke busted and can't be trusted."

What is clear is that you could not see that the RV was coming as you shamelessly pumped this issue wherever you could.  I disagreed with you then, as I do now.  The company is not down AND OUT.  While NL is hanging on by a thread, Reyna's drilling at Medicine Springs could give them new life  - probably to be followed by another financing.  [Assuming Reyna does not soon move to take them out first.]

But another of the keys to everything here is PM prices, which I think have reached the bottom.  I say that because the volumes in sales of junior PM miners have slowed to levels I've never seen.  While not a guarantee, this is a hallmark of a bottom, meaning that a general turn is near at hand despite what happens with interest rates*.  And, as "they" say, "A rising tide lifts all boats."

*  Historically speaking, PM price changes trail new trends in interest rates.  Higher rates are usually followed by higher PM prices, albeit on a delayed basis.   

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