From the Chairmans Address page 4 ....
"If the IP surveys do give the results hoped for, the value of Nagambie Resources’ exploration tenements in the Nagambie region, now totalling over 1,000 sq km, will increase substantially."
Without even getting to drilling, the IP results could bring a substantial revaluing of the tenements.
"The $1.8 million of funding raised last week means that the Company could very quickly commence diamond drilling the best underground sulphide-gold targets".
I really like this one. They are ready to follow up with drilling if good IP Results.
No need to raise capital. That parts already been done.
Ann: CEO's Presentation to Shareholders, page-96
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