$17M market cap; $500M cash flow; no CAPEX

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