/biz/ - Business & Finance

Hello frens,

I have returned to shill a stock I first mentioned here a year or two ago, Newrange Gold Corp, which goes by NRG.V or NRGOF. Unfortunately, my first recommendation was poorly-timed, as the share price dipped soon after I mentioned it.

New developments are on the horizon, though, and a new chance at seeing a nice rise in the share price. But first, a refresher on why I have a lot of faith (and money) riding on NRG.

NRG owns a property in Nevada that was privately owned since 1896, with very little modern exploration being conducted. Before that, there was a gold mine on the property, and there are historic mine workings that have been explored and sampled by the company. While those miners in the late 1800's were able to find visible gold, it seems there's a lot of gold too small to detect with the naked eye on the property, which the old miners were unable to recover. Modern technology will make mining and recovering this low-grade gold quite easy and cheap, though. There's also potential for additional high-grade discoveries on top of the ones NRG has already made.

NRG started a new drill program on May 28th (which was also my birthday...a good sign?). Last drill program took around 6 weeks for results from the first 10 drill holes to come in. Fingers crossed they find some additional mineralization and maybe even some high-grade results. At their current share price, the company's market cap isn't even 20 million, there's definitely some potential here.

I highly encourage anyone interested to check Newrange's website and do some research of their own, there's a lot of great info I didn't mention in this post. I have about 30% of my portfolio in NRG, and I have a lot of faith in its potential in the coming months/years. Please DYODD, but hopefully we will make some money off this at some point in the future. I've been holding shares since 2017 and have nothing but patience, and you should, too.

One way or another, we're all gonna make it