NAG 11.8% 1.9¢ nagambie resources limited

Becoming gold miners, not just explorers, page-2

  1. 56,269 Posts.
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    This pretty much sums it up muzz

    Geologists and mining engineers have always been competitive in expressing who are the most important technical personnel. Stock markets love geologists who promote grandiose geological concepts as share prices surge higher on drill results, but almost as night follows day, when it comes to the point of calculating JORC resources, the high flying expectations take a haircut. It often turns into a crewcut when the engineers convert a resource to a reserve.

    Great article and augurs well for NAG becoming a producer rather than just remaining an explorer

    We have the freehold land
    We have the hard-to-get mining licence
    We have the mining engineers (2) on the board
    We will have an approved processing mill on the premises
    and it looks like we have an outstanding gold/antimony resource right under our feet

    The planets are aligning with the moons and the stars
 
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