NAG 25.0% 1.5¢ nagambie resources limited

Ann: Antimony-Gold Mineable Intersections Increased to 18, page-10

  1. 2,657 Posts.
    lightbulb Created with Sketch. 545
    Yes, as Duke says they have done the hardest part & have what you call Pokie an "Exploration Target".

    They also have a Model which seems to be working this time re finding the C Veins. Having found 2 already in fairly limited drilling (11 DHs) is a big plus for the authenticity of the model.

    Having found 18 Mineable Intersections from 11 DHs, is very good imo. Plus the Average of 15.6 g/t AuEq is over 5x the MCOG. which is fantastic because it means very low Operating Costs and very high Profit Margins.

    So there is a lot to be encouraged about but we need to get throughput of DHs happening faster. It only takes about a week to drill to 200m & it supposedly only takes 7-10days to get Assays done.

    The hold up was the cutting, logging & sending off of the cores but they now have a machine to do the cutting so can we expect Results to come more regularly?? One would hope so.

    There is a lot at stake especially with a potential Offset Agreement. It may just need Results back from say another 10-15 DH & bingo, who knows?


 
watchlist Created with Sketch. Add NAG (ASX) to my watchlist
(20min delay)
Last
1.5¢
Change
0.003(25.0%)
Mkt cap ! $11.95M
Open High Low Value Volume
1.3¢ 1.6¢ 1.3¢ $31.36K 2.175M

Buyers (Bids)

No. Vol. Price($)
1 36000 1.4¢
 

Sellers (Offers)

Price($) Vol. No.
1.5¢ 672647 3
View Market Depth
Last trade - 16.10pm 21/05/2024 (20 minute delay) ?
Last
1.5¢
  Change
0.003 ( 25.0 %)
Open High Low Volume
1.4¢ 1.6¢ 1.3¢ 1098855
Last updated 14.20pm 21/05/2024 ?
NAG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.