Well we know how the market feels about NAG as a gold play...........ZERO The recent rally has pushed up all companies with gold exposure except for NAG who are now struggling to get any volume at all.
Their PASS business is dead due to the well established competition who are killing NAG on every front.......and the fact the dumping site is so far away - 140klms that the cost to truck it in the first place would blow out their cost structure into the stratosphere
What's the point?, page-64
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