Drilling… $NUG

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Nice feature on this company the other day, http://www.goldtelegraph.com/nulegacy-gold-corp-a-big-summer-ahead/

I was surprised to see size of shareholders they had and the size of their land package in Navada in particular so close to ABX…

Has anyone picked any shares up?

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  • Edit

    I have, they just need one good hole... these are NOT exploration holes... they have done extensive drilling the past 3 years which should increase the likelyhood of achieving good grades with width... 

    Time will tell.

    GL

  • Edit

    Yes, I have a small position. Just 10,000 shares. Question for everyone:

    With $Nug's land package and strong technical and management team, with where this is trading and its very light valuation, why would $ABX not just pay .50 a share to conduct all exploration before this gets to expensive? 

    Nug's land package is in the heart of where Barrick has 2 operating mines...