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1.9¢ nagambie resources limited

Ann: New Geological Interpretation at Nagambie Mine, page-29

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dbl1771

2,414 Posts.

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27/05/21

19:22

Post #: 53469254
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Originally posted by Nanuterra ↑

NAG only has 1 drill operating. Progress will always be slow in developing the Au until
a) A PASS contract is awarded and the cash flow allows more drills to be used
and/or
b) another JV is commissioned with MAW to up the exploration

I truly believe there is plenty of gold down below on NAGs ELs. Plenty.

And don't forget NAGs mining licence allows further JVs with other explorers nearby, down the track. It's very handy having a mining licence.

And one day, hopefully soon, the bacteria speciation is chosen and the HLP starts to be "mined". And it can take more stock.

The last announcement was very technical and the market will take time to interpret and digest the information.

The banana shaped strike line, not so much east west as perhaps first thought, but curving down to the south west is illuminating. NAG is learning more from every IP and drill result.

Nanu

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The NAG mining licence is not applicable to '' other explorers nearby '' . It applies to to the Zanelli rd site . You may truly believe there is plenty of gold down below , but the market doesn't care what you believe . It's reaction to the '' new geological interpretation '' is self explanatory . YAWN !

NAG Price at posting: 7.1¢ Sentiment: Sell Disclosure: Not Held
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