"Strong upside coming out of the next phase of drilling" in next two months
Maintain buy on $NUG to C$0.50/share, $NULGF up to US$0.40 per share
Extract from: James Rickards' Gold Speculator Portfolio Update NuLegacy Gold Corp. (OTCBB: NULGF)
Maintain Buy up to: $0.40 Position sizing: 3%
February 27, 2018
NuLegacy shares traded slightly down in the past few weeks. Shares are down over the past year as well. We've had a long, downward drift in share price since last July. It's very frustrating, and the share price performance is such that, with almost any other company, we'd have sold out and walked away long ago.
Still, I'm hanging onto this one and awaiting additional news. That's because NuLegacy sits right in the heart of Carlin-style gold riches in central Nevada. The company's land position is not just good, but absolutely great, as you can see on this map:
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