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National Grid ADR repsg 5 Ord Shs V.NGG


Primary Symbol: NGG Alternate Symbol(s):  NGGTF

National Grid plc is a United Kingdom-based energy company. The Company's principal activities involve the transmission and distribution of electricity in Great Britain and of electricity and gas in the northeastern United States. Its segments include UK Electricity Transmission, UK Electricity Distribution, New England, New York and National Grid Ventures. The UK Electricity Transmission segment includes the high-voltage electricity transmission networks in England and Wales. The UK Electricity Distribution segment includes the electricity distribution networks of NGED in the East Midlands, West Midlands and Southwest of England and South Wales. The New England segment is engaged in gas distribution networks, electricity distribution networks, and high-voltage electricity transmission networks in New England. The New York segment is engaged in gas distribution networks, electricity distribution networks, and high-voltage electricity transmission networks in New York.


NYSE:NGG - Post by User

Post by junior_mineron Jun 17, 2008 3:59pm
422 Views
Post# 15195162

Why so quiet

Why so quiet
This resource estimate was a positive surprise.

Beforehand I calculated about the same tonnage as NGG and came up with ~0.4 moz at 7 g/t grade. That's what it looked like and I wasn't very enthustiastic. But 12 g/t overall grade really changed the game. Not only did the resource estimate more or less match the quantative expectations in analyst reports, but also raised the quality of ounces. I don't think many of us expected this good grades.

There's already enough resource to support a mine, and expanding should be easy. Both Northern and Southern holes ended up in strong mineralization and great underground targets just wait for drilling.

Imwauna is a narrow vein and sooner or later they have to go underground. I'm much happier mining 12 g/t than 8 g/t underground. It makes a big difference. 
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