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clock Created with Sketch. 26/04/24
18:31
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Originally posted by pokemon:
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NAG presently do not have mineable stopes and or grades - This is not confirmed until a JORC has been released. Which i must admit there was a lot of hype previously about releasing a JORC compliant report, this appears to have slowed i suspect on no further drilling and preserving cash. I HOPE it is not because they have done the numbers and they are unhappy with the results. They do not have a mining permit. They have a licence, but no permit to commence underground mining, this is a whole additional process requiring to be undertaken, it is achievable, but will come at a cost with studies required etc. They do not have a Mill, Golden Camel have a mill, which appears cannot be constructed due to funding issues, this is a bit strange given the very high gold price at present, and the lack of Toll Treatment opportunities available in Victoria, and external parties having mineral resources but no ability to process and recover the gold.
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Maybe Golden Camel will takeover NAG. Why would they want to build a mill on NAG's lease and then give a percentage of the profit to NAG? Golden Camel has the gold deposits, NAG doesn't.
