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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 sandymackayon Mar 10, 2010 8:07am
1697 Views
Post# 16864364

PDAC

PDACI attended yesterday and spent a good deal of my time with all three IR. I didn't glean any new info but my confidence that NAG will succeed  has grown. I can say that NAG IR are the most upfront and honest  that I met and have nothing but respect for them after witnessing an IR from another company act like a complete arrogant A.H as he  tried stealing my buisness, while I sat with NAG IR. I believe that Mine #1 is up and running again or will be very soon. IR is hopeful   Mine #2 permits will be here very soon so that they can start mining shortly after.   

Archie, Mark and Jeanne all gave realistic expectations for NAG and not the moon shot scenario that some IR were boasting. I believe that the biggest hurdle now is to get mine #2 up and running and that once that has been established the share price will start to reflect NAGs true value which they believe will be anywhere from $.80 to $1.20.   

Patience is key as many have said before. NAG is a producer unlike the majority of the company's on the venture and will reward those who are patient.

SM
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