Seeking Alpha talks with James Anderson, President of Nu Legacy Gold

Big Al
May 14, 2014


  • NuLegacy Gold is earning into a 70% interest in the Iceberg deposit, one of Barrick Gold’s prized Cortez Trend (Nevada) properties.
  • The Iceberg deposit is on Trend with 3 world-class Barrick properties that contain from 15-21 million ounces of gold each.
  • Minimal equity dilution necessary if, as expected, Barrick elects to clawback a 70% interest in Iceberg, leaving Nulegacy Gold with a 30% interest that’s carried to commercial production by Barrick!
  • Strong and very experienced management team for a junior company with a market cap of just US$ 13.6 million.

The following interview of CEO James Anderson of NuLegacy Gold (OTCPK:NULGF) (NUG.v) was conducted by phone and email on May 8-13, 2014.

NuLegacy is an emerging Nevada gold explorer [113 million shares at $ 0.12/share = $13.6 million market cap at 5/13/14] with a highly prospective earn-in opportunity on one of Barrick Gold’s (ABX) Cortez Trend properties. The Iceberg gold deposit is the 4th, along trend after three truly world-class deposits in one of the best jurisdictions on the planet.

While the Iceberg deposit is an exploration-stage opportunity, Barrick has three massive projects, situated approximately 4.5 miles apart, on trend with it; the Pipeline project has delineated 21 million ounces of gold,Cortez Hills 15 million ounces and most recently the Goldrush project with 15.6 million ounces. Clearly, Nevada is key to Barrick’s future.

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