NAUFF - Expert Says Gold Co. Has Great Potential To Be Rerated | Benzinga
Source: Clive Maund 04/01/2024
Technical Analyst Clive Maund takes a look at NevGold Corp. to explain why he believes it is most attractive for investors.
NevGold Corp. (OTC: NAUFF) is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada, Idaho, and British Columbia. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada and the Ptarmigan silver-polymetallic project in Southeast BC and has an option to acquire 100% of the Nutmeg Mountain gold project in Idaho, so we can say that it is primarily a gold exploration and development company which is certainly a good spot to be in going forward with gold now embarking on its biggest bull market ever.
The stock is regarded as the most attractive for investors here and is going forward for several very important reasons. The first is the emerging major bull market in gold that has already begun and promises to be of unprecedented magnitude due to the collapse of the current monetary system, which is already in its death throes.
Related to this is that NevGold is, as its name implies, heavily into gold and actively exploring to expand its gold resources at its Nutmeg Mountain Project in Idaho and its Limousine Butte property in Nevada, with Summer drilling programs starting or soon to start at both. The third reason is that the stock is still at a very good price as it has not — so far — responded much to gold's gathering strength, but for reasons we will see on its charts, it looks set to soon, and the gains should be amplified by the relatively low number of free trading Nevgold shares on the market.
The following slide, lifted from the company's latest investor deck, shows its properties all located in western North America.
Note that Cedar Wash, not mentioned above, is a promising gold-silver project with significant exploration upside.
The following slide shows that important Phase 2 Summer drilling programs have now begun or will soon be at both the Nutmeg Mountain and Limousine Butte properties.
This slide shows an asset summary of the Nutmeg Mountain property in Idaho and, on the right, its position relative to both the Limousine Butte and Cedar Wash properties in adjacent Nevada to the south.
This slide includes a simplified cross-section of the Nutmeg Mountain property, which makes clear that mining this resource should be relatively low cost because it is near-surface and, therefore, can be exploited by the open pit method.
At the same time, it reveals that there is plenty of exploration potential by driving deeper later and into the flanks as ...