Nagambie Resources Ltd V.NAG

Primary Symbol: NGMBF

Metals & Mining Gold

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.

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Nagambie Resources Ltd > Appalachia Coal - COAL SHORTAGE LOOMING ???

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Comment by mdzgn2006on Mar 10, 2009 5:46pm

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Post# 15834600

RE: Appalachia Coal - COAL SHORTAGE LOOMING ???

Thank you for posting this article.
I may add in support of the author's argument with reference to W.V., that for example the Whitetail Kittaning Mine owned by Alpha and next door neighbors to NAG in Preston county, ceased mining as of December 3, 2008.
The reason was not economy, but mine safety. The mine produced 1.1 million tons during 2008 and today it's no more. I am very optimistic that IF NAG ever gets to the production phase, they are not going to be stuck with unsold coal.

HHAPPY's account of his conversation with Charles Desjardins is very reassuring.

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