NAG 35.3% 2.3¢ nagambie resources limited

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  1. 2,390 Posts.
    lightbulb Created with Sketch. 307
    Yep Wandean Surface Gold - ie open pit Oxides Gold would have around 150,000 to 200,000 oz at av Grade of 1.2g/T conservatively (1.5g/T is prob more accurate) but at 1.2g/T the profit would be $1k/oz+.

    So 150,000 oz @ $1k/oz Profit is $150M of 'known' Gold at the surface, plus Clonbinane (2gm average) and you have 200k Ounces or $200m Profit - known. Frankly it breaks my heart that we haven't gone after it & aren't now producing 15kOz pa at $15m/pa profit.

    Management knows this could have happened but chose PASS & Sulphide Gold. While that's a source of Disappointment for me, it's also my greatest point of Optomism. They think Wandean/Clonbinane are small fry.

    I am eagerly anticipating 'Big Fry' just bring it on sooner rather than later. It's like smelling the steak & onions cooking on the BBQ only to find out it's the neighbors BBQ cooking. Your's will be another hour but it'll be better.

    Man I'm ready to eat now ... yet I'll be patient. Warren Buffett said to ... see my Signature. Can I add a 'Grrrr'. Ha.
    Last edited by JetBlue: 13/03/19
 
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