The NAG deposit is too deep with a very narrow true width, and its gold resource is so small. While the deposit is high-grade, it is patchy. Costerfield is better positioned due to its strong gold resource. Additionally, NAG's resource is in the inferred category, which would reduce significantly to update to measured level.
In the NSW region, LRV and TMG have the best drilling results for antimony. Their deposits are clearly the most likely to go into production, given their thick mineralization and shallow depth..
NAG's management team has a poor track record. On top of the company’s huge debt, its cash reserves are running low, and a capital raise is urgently needed. The largest shareholder, Kelvin, has been with the company for over 10 years, yet his investments have resulted in a net loss of over $2.5 million.
NAG - Beware of its deep deposit, thin mineralization, poor management team, and high debt
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