Love this little company Taipan - have been with it for 2 years now and we are finally start to see the buds appearing that will shortly bear the good fruit.
I agree with what you have mentioned - and furthermore the market is bullish on gold.
Just doing some silly maths on the potential:
30,000 oz p.a. is not out of the question - especially if they can get 21g/t ! now multiply this by AUS$1450 per oz less about $500 cost to get it out of the ground - leaves us with just under $30 mill.
Add to this, a nice little bonus of building waste - 150,000 to 200,000 tonnes per year @ $40 per tonne and you have yourself a nice little business.
BTW - we haven'y even touched on all the other gold bearing tenements that NAG have yet!
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- nice write up on gold strike
nice write up on gold strike, page-22
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Price($) | Vol. | No. |
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