Having sold most of my NAG holdings a couple of years ago, I've...

Having sold most of my NAG holdings a couple of years ago, I've just been taking a casual interest in the stock until the international interest in antimony started to heat up. Now that the supply situation with antimony is becoming genuinely critical, all companies with significant antimony deposits are going to be receiving a lot more attention, and I'm now adding to my NAG holdings.

There are several Australian companies which will be potential players in the antimony action over the next year or two. NAG has some advantages with respect to permitting and land ownership/access. LRV is reasonably well advanced towards production but the SP has now risen to levels where I don't see value in it. BC8 has the advantage that its main antimony deposit is at the Paulsens project where they are about to start gold production, so antimony could probably be processed in the near term with an additional flotation circuit.

Other relatively new arrivals on the Australian antimony scene include ILT, WA8 and iTM, all of which could be be developed more quickly than previously expected due to the antimony critical minerals status and the Chinese export ban making the finding of alternative supply sources so much more urgent, and all of which probably represent good value at this early stage of the antimony renaissance.

Australia is in a strong position to become an international antimony supplier, and the antimony sector of the mining industry is now becoming the focus of a great deal of attention.