looks like the word is out
$17M market cap at 5 cents
NAG claims to have old empty mining pits in Victoria that are suitable for taking potentially toxic landfill ('PASS') from Melbourne developments if not stored below the water table
NAG have said: "Nagambie Mining has investigated whether there are any alternative large under-water sites that could accept PASS and has concluded that none exist"
the capacity is 6.2M tonnes
NAG states current disposal costs for such landfill is $140/t
therefore, if NAG can secure contracts for $80/t or $100/t , they can make pre-tax cash-flow of $500M to $620M
after tax, this equates to 80 cents to $1 per share
the relevant information is in the following two announcements:
http://www.asx.com.au/asxpdf/20151016/pdf/4323wkzg4w0b6w.pdf
http://www.asx.com.au/asxpdf/20151029/pdf/432hwrx0wzkskw.pdf
page 6 : http://www.epa.vic.gov.au/~/media/Publications/655 1.pdf
media article here:
http://hotcopper.com.au/threads/mining-news-article-21-october-2015.2620354/?post_id=16222148
good luck...DYOR
