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Nagambie Resources Ltd V.NAG


Primary Symbol: NGMBF

Nagambie Resources Limited is an Australia-based natural resources exploration company. The principal activities of the Company include exploration for, and development of, gold, associated minerals including antimony, and construction materials in Australia, and the investigation and development of waste handling assets. The Company is focused on targeting epitherm alantimony-gold mineralized systems across 3,200 square kilometers of tenements in the Waranga Domain of the Melbourne Structural Zone, in Victoria, Australia. The Company's flagship project is the Antimony-Gold Project, which sits in proximity to the gold-antimony mines at Fosterville (Agnico Eagle) and Costerfield (Mandalay Resources). The Antimony-Gold Project is located at the 100% owned Nagambie Mine. Its Whroo Goldfields project is located approximately 130 kilometers (km) north of Melbourne. It also holds interest in Whroo Project, PASS Project, and Sand Project.


OTCPK:NGMBF - Post by User

Post by Sergeant123on Oct 02, 2011 10:08am
707 Views
Post# 19108888

Final time to the plate?

Final time to the plate?I also was told that Louise Lake has been sold. Supposively for a substantial gain + royalties. Mine #2, Gilliam Hill North has 3,700 acres. They state on their web page that they plan to mine 8 - 10 k tons per month. I find these number unrealistic as the auger mining method that will be utilized is slow and painstaking. Mine # 3, Swan Pond is 4,900 acres, now fully permitted and I quote from their webpage "operations will begin as soon as the access road is designed and completed". The access road should have been designed a long time ago as there has been zero mining for a considerable length of time. With the highly mining technique that will be utilized 20 - 25k tons a month seems reasonable. Mine # 4 is supposively close to being fully permitted. Whether mine # 4 is Gillian Hill South with 4,600 acres or Granny Rose with 2,100 acres of strictly blue gem is debated. Money wise I would be jumping all over the blue gem. Time will tell with Sasketchewan drill results. All the ducks seem to be in a row. But, as in the past, all the ducks seemed to be in a row (bases loaded with nobody out), management could not make it happen. I have stated my mistrust for this management team in the past, based purely on it's performance. No sense in becoming emotional, to much energy is lost. Management has repeatdly issued stock options to themselves at a ridiculous price, then ride the wave of hype and cash in, leaving long term investors and PP purchasers hanging in the wind. NAG performance over the past 20 months has been dreadful as we all are aware. Management deserves nothing, until if and when they mould this present mound of duck bile into a swan., Charles is at complete fault and should be removed or simply prove me wrong. That I challenge him to.
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