In response to Gutumike & Possibilities of a Chinese Offtake...

In response to Gutumike & Possibilities of a Chinese Offtake Agreement. ...

As has been suggested, one would expect the Fed Govt to step in & block an Offtake Agreement with the Chinese based on it being such a strategically important mineral & the possibility that the munitions that they would make from it, could be hurled back at us.

However, that certainly does not mean NAG should not be talking to them imo. In fact I think it's a great idea. Imagine they are in agreement as to details of such & Feds step in & stop it. The NAG SP would be going through the roof with all the publicity - based on the fact that we have sufficient Antimony to get such interest.

The Fed Govt would also then be obligated to provide another means for NAG to develop the "strategically important resource". That could mean a substantial grant &/or low interest loan from Fed Govt. It would also attract other miners & it would certainly get the Omanis hopping as they have lost out a lot of supply to the Chinese, locking up supply.

Realistically though, NAG still has a way to go to get such interest (as someone said earlier.) Probably would need to be at JORC Inferred Resource stage. Is that likely to happen? Definitely imo but the issue is time and money. NAG needs a Long Term Funding Solution so that they can get there. That is what has the market a bit jittery imo. It's not the lack of prospects with Sb/Au. That couldn't look much better given only 30 odd DHs.

30 odd intersections at about 5x the MCOG is quite spectacular but a JORC Inferred will probably take another 6 mths of drilling with 2 Drills working. Not close but not that far off either.