Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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.


OTCPK:NGMBF - Post by User

Nagambie Resources Ltd > 2008 Coal Rush All Over Again!
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(0)
•••
Comment by Saturn4on Jan 06, 2011 4:58pm
487 Views
Post# 17935444

RE: 2008 Coal Rush All Over Again!

RE: 2008 Coal Rush All Over Again!As far as I am aware, NAG has not been producing Blue Gem coal but has produced thermal coal.  When operations are up and running for #2 and #3 I believe they will still be producing thermal coal first before they hit any blue gem coal.  If spot prices of thermal coal are around $130 a ton and the previous operator was paid approx. $40 when coal was around $60 and NAG roughly broke even on mine #1................  It could mean BIG bucks for NAG even if M3 charges $60 a ton!!  Am I correct here?  What's your thinking on it HHappy or anyone else?  I'm a bit surprised that spot prices have gone up so much ... the last I saw they were about $70 a ton!!!

P.S. -- Hhappy, thick skin is a requirement for these ventures, as you know.  I think I speak for many here by saying your comments have always been welcomed and that you should start posting again.
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities