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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

Bullboard Posts
Comment by Clemmie70on Aug 20, 2008 11:36am
223 Views
Post# 15397476

RE: RCisback

RE: RCisbackNo one is questioning if NAG or anyone else has paid for their permit apps.  Paid permits apps are the least of the companies worries at this juncture. The problem that the Sask Gov is grappling with now is what to attach to the permits as minimum acceptable development for the first year PER PERMIT. So NAG may have paid for all their permits up front which is fantastic. Now NAG (and everyone else) has to determine if they can afford or even meet the requirements being set out by the Ministry.   HT was right and they are throwing around a minimum of $50K per permit, not in stone yet, but that's one of the requirements.

A long row to hoe to say the least. NAG holder here, been one for awhile so this is not a bash, just a reality check. Have seen such letter first hand so I'm not taking anyones word for it. Inbox me an email address and I will forward what I have.

Cheers,
Scott
Bullboard Posts