balance sheet, page-87

Good Point,

I was going to also mention this.

These are net tangible assets.

Also people have not factored in that SXG owns 10% of NAG (Southern Cross Gold is 50% owned by Mawson in various entities).

NAG is the CIL (cyanide leeching plant) for NAG, and SXG and the ultimate parent company Mawson which is listed on the Toronto Stock Exchange.

It is a bigger picture.

I have personally walked over the exploration leases of NAG and SXG.

There is fine gold in the banks of the creeks and also in some surface outcrops.

Mawson in Canada is a top tier 1 mining company.

They have gold mining projects in Finland and Sweden which are Tier 1 Jurisdictions.

Moreover, NAG keeps raising capital from investment partners like Pioneer Resource Partners LLC. ($2M recently)

Who are Pioneer Resource Partners LLC?

Good question.

Also, the project as a whole is a Costerville-style vein system. These guys are not reinventing the wheel.

More importantly, I like the fact that Nagambie Resources are successfully drilling and finding ounces of Gold for a mere A$10/Oz.

Mining region does not get covered with snow in the winter and they can mine all year round.

Mawson who are Nagambie resources parent company by default have $78,364,158 in equity.

Nagambie Resources is worth alot more than people realise.

The C1 Vein has an average head grade of 20.5g/Mt Au equ. i.e. 6.8 times higher than the minable cut off grade.