I think we are on the home stretch as far as PASS contracts...

I think we are on the home stretch as far as PASS contracts being awarded are concerned.

As the Qtrly says

While the Victorian Government’s “Big Build” timing has been affected by Covid-19, the Spark consortium, the Preferred Bidder for the construction of the North East Link Tunnels, has continued to engage with Nagambie Resources for more specific technical and pricing information regarding “Underwater Storage” PASS Management at the Nagambie Mine. Nagambie Resources continues to be confident of being able to secure a significant PASS contract.

NAG are looking pretty good to secure a contract for an increased amount of PASS from this project.

Once succesfull - we can expect the SP to soar well past the 10c level at which time we may see a few million dollars come into the coffers from the conversion of options



So I don't think cash flow will be a problem - especially after the Toll Mill starts operating and producing gold bars.