First time postI'm a small shareholder in NAG and have been dissapointed like many on the performance of this stock.
Here's what I have learned from my DD off NAG website. Huge tonnage, LOW grade. NOT profitable to mine using conventional smeltering.
Yet to confirm, Teck has a low grade copper mine that they want to upgrade using a different smeltering method, 1st of it's kind in CANADA that would make it more profitable. IF they upgraded to this method, LL could be a possible takeover candidate. But as it stands, NOT profitable with low grades, High tonnage, hence 7.5 cent stock.
I found this information right on NAG's website. Read the report on their website. Comments? Someone please convince me that this report is wrong, and I'm wrong, and this should be 25 cents again.....
I would love to see this company succeed but I don't have any DD to prove that as of yet.