Nov. 20 at 11:25 PM
$NXGCF Posted on behalf of NexGold Mining Corp. -
• Goldboro (Nova Scotia) – Fully permitted, strong economics at current gold prices, with follow-up drilling targeting high-grade zones including 26.09 g/t Au over 8.9 m and 20.59 g/t Au over 3.0 m
• Goliath Gold Complex (Ontario) – 2.92 Moz resource, major infrastructure advantages, and +C
$1B NPV at today’s gold price levels
The company holds ~C
$343M market cap and over C
$100M in cash, supported by Appian royalty financing and a US
$175M project-financing LOI. Leadership includes Kevin Bullock (B2Gold board), CFO Orin Baranowsky, and advisors Frank Giustra and Shawn Khunkhun, with 61% institutional ownership and strong Canadian dealer coverage.
In a macro environment of gold above US
$3,500/oz and a sector median AISC of ~US
$1,533/oz, NexGold stands out as one of the few Canadian developers
• Two construction-ready projects
• All major permits secured
• Strong First Nations partnerships
• A funded path to development
https://www.reddit.com/r/PennyStocksCanada/comments/1p2i9ny/nexgold_mining_nexg_nxgcf_is_quietly_shaping_up/