NAG

0.00%

2.2¢ nagambie resources limited

GDay JB here's a link to the latest KLA presentation to better...

First 11 Last

Share
Profile

Follow
mogga

26,534 Posts.

273

16/01/19

21:19

Post #: 37136921
Share

Originally posted by JetBlue ↑

Hi Will & Welcome,

NAGs mine site produced about 180,000 oz of Surface Gold (Oxidised Gold) about 20 yrs ago (then owned by Pereverence). NAGs then discovered Wandean in 2014 with similar amounts of Surface Oxidised Gold (about 180k oz.) as the original mine. BUT NAGs has since sat on Wandean to go after & explore for the Deeper Sulphide Gold with the potential of millions of oz rather than tens of thousands.

The reason they did that is because Fosterville's history is almost exactly the same and when they went deep, they struck bonanza gold @ incredible grades about 3 years ago and are now Mining more Gold pa than the surface gold mined in it's 10 year life span.

NAGs management believes there is another Fosterville (or three) to be found in their tenements (2,400sq km of ELs). They have only drilled 7 holes but each hole is narrowing the focus - they believe and it's just a matter of time. KLA took lots of Drilling to hit goid grades & the Swan Zone but the kept at it - 20, 30 + .... but they are now making a Profit of $2-$3m per DAY ($750m to $1b profit pa).

That's a yearly profit of 30x NAGs Market Cap.

So if NAGs is right the Market Cap of $31m will probably go beyond $1B ... but are they right? That's for you to decide? If they are right then the Share Price is likely to go up by 30x on the scenario I just gave - from 7c to $2.

If they are wrong then let's go back and Mine Wandean/Clonbinane - 180k oz at $1k profit/oz is $180m profit. Not a bad fall back for a $31m Mark Cap Co .... imo anyway.

Expand

GDay JB

here's a link to the latest KLA presentation to better illustrate what KLA are dealing with at Fosterville

https://s21.q4cdn.com/967674075/fil...9/01/Investor-Day-2019-FINAL-COMPLETE-(1).pdf

NAG Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

HotCopper Highlights: Your most watched stocks for Week 48, 2024

ADD

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 41 more messages in this thread...

First 11 Last

Add NAG (ASX) to my watchlist

(20min delay)
Last 2.2¢		Change 0.000(0.00%)		Mkt cap ! $15.93M

Open	High	Low	Value	Volume
2.3¢	2.4¢	2.2¢	$135.4K	5.920M

Buyers (Bids)

No.	Vol.	Price($)
3	899999	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.4¢	583069	3

View Market Depth

No.	Vol.	Price($)
4	378333	0.060
2	59000	0.059
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.062	182288	1
0.063	16847	1
0.065	25793	2
0.067	70000	1
0.070	5500	1

Last trade - 16.10pm 29/11/2024 (20 minute delay)

NAG (ASX) Chart

GDay JB here's a link to the latest KLA presentation to better...

Top Stories

Resolute shares bounce back as second payment made to Mali government to secure workers' release

HotCopper Highlights: Your most watched stocks for Week 48, 2024

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Buyers (Bids)

Sellers (Offers)