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AN INTERESTING FUTURE FOR NAG, page-97

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mogga

55,929 Posts.

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21/07/22

09:28

Post #: 62644297
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Originally posted by gutumike ↑

[BCOLOR=rgba(0,0,0,0)]https://www.forbes.com/sites/davidb...t-mineral-you-never-heard-of/?sh=84e9faf2b23d[/BCOLOR]

The above link is to an article about antimony and its applications in the military, which along with growing demand for grid storage batteries, has resulted in greatly increased demand for and interest in antimony in the recent past. This will be of considerable benefit to NAG if they can prove up a sufficiently large stibnite resource, which I believe is very probable.

The Russia/Ukraine war has already greatly increased the demand for antimony in ballistics applications in many countries, and if China moves on Taiwan that demand is likely to accelerate dramatically. The fact that China has been growing its military so rapidly has already increased antimony use in China. The increase in their military year-on-year has been greater than the total size of Australia's military, and the USA and other Western nations are racing to catch up, so the value of NAG's antimony-bearing deposits could be of equal of greater importance than its gold.

September/October this year is likely to be a significant period for both the gold price and the antimony price, and if NAG can produce some good drilling results before then, their SP should benefit significantly.

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Gday Mike

Nice analysis of the emerging importance of antimony in the western world - particularly as China controls most of the antimony in the world today.

You can also add the development of antimony-calcium liquid batteries to the mix as well

Interestingly enough - all the antimony from Costerfield goes to China

Will the ''west'' allow that to happen to NAG if we strike it big?

NAG Price at posting: 6.7¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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Last 1.8¢		Change 0.004(28.6%)		Mkt cap ! $14.33M

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AN INTERESTING FUTURE FOR NAG, page-97

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Tonight's US CPI data could set the tone for November. What are markets expecting?

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AN INTERESTING FUTURE FOR NAG, page-97

Top Stories

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Issues emerging as Australian companies tackle critical minerals challenge

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Tonight's US CPI data could set the tone for November. What are markets expecting?

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

NRW Holdings inks $109M deal with BHP for works at Jimblebar

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Court process clears way for ARB to buy up 4 Wheel Parts business in the US

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

Featured News

Buyers (Bids)

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