Good to see that NAG are also using Mining Plus.
''18 years ago AGD had PROVEN and PROBABLE RESERVES ... 290kt @ 12 g/t Au and 6.2% Sb''
That would equate to 290,000 T x 12 g/t = 3,480,000 gms = about 123,000 ounces @ lets say $600 p/ounce = $73,800,000 in 2006
NAG's JORC states 415,000 T x 3.6 g/t = 1,494,000 gms = 47,800 ounces @ lets say $3600 p/ounce = $172,080,000 in today's money.
We can quantify NAG's current antimony @ 17,800 tonnes x $35,000 = $623,000,000
In the past 14 years Costerfield have mined about twice that amount of Antimony for less that half the current price.
So all in all, the NAG story stacks up quite well with the Costerfield story.
Admittedly NAG don't have a mine but do have a mining licence. With any sort of luck it will also have a toll mill in the near future.
I would be very surprised if there aren't any Antimony producers doing their own sums on how to get their hands on out 17,800 tonnes of high grade antimony.
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