Rampers

Here is a quote from a forum member on the 27/12/15 .

'' I think we will see the real SP by mid next 2017 after a full financial year of trading.
Let us be very conservative assume that the PASS volume from July 2016 and June 2017 is 75% of the 1,000,000 tonnes mooted so far - let us also assume that the price per tonne is 2/3 of the current $150 quoted by the Australian a few weeks ago
That makes it $100 for each of the 750,000 tonnes dumped - or $75 million
Lets assume that the opex is about $15 million
Lets also assume that another $10 million is put away to develop NAG's other resources
That leaves $50 million of which $15 is tax
That would leave $35 million to be distributed as divvies to the 340 million shares out there
So close to a 10c divvie its not funny
...and that's the first full financial year.
What's a share worth that provides a 10c divvie?
We haven't even mentioned the other assets yet . ''
Knowledge is knowing a tomato is a fruit
Wisdom is to not put it in a fruit salad
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NAG (ASX)

Price at posting:
12.5¢
Sentiment:
Buy
Disclosure:
Held

Another poster , DKZ , bought NAG on the basis of this post . By all means support your investment and ramp it as hard as you can . Why wouldn't you ? But could you try to keep it real and not make stuff up ?

I honestly hope the quarterly provides some concrete announcements and not just the usual pie in the sky twaddle .

BTW . There is a large roundabout at the end of the southern Nagambie off ramp . It has in the last few days been landscaped and includes a giant wine glass . The entire roundabout is also covered in gravel from NAG and it looks pretty good . It's a vicroads site .