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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

Comment by Saturn4on Nov 24, 2009 4:26pm
351 Views
Post# 16519593

RE: Starting to worry!

RE: Starting to worry!I was more worried before but now it seems like things are picking up.  The s/p is disappointing, but the glimmer for me is that we did move from under sub .10 so there is interest.  Right now, NAG really hasn't provided anything more then what we already knew.  The production NR was just confirmation and seems it was built into the s/p (as someone had said earlier - and where I had disagreed - you were right it seems - I admit it).  So, now to move NAG, I think that permits for the other operations will be a good start and knowing that they actually are making money from mine 1.  Permits for blue gem coal would be good ---- and an NR saying they are going to produce as well as a reserve estimate etc. A feasibility study would be awesome for blue gem--- but I'm dreaming now, LOL .....

I'm hoping all goes well ... I feel I'm in a better position now then when the s/p was sitting at .07 for waaayyy too long.
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