NAG 5.17% 5.5¢ nagambie resources limited

Is this the pits...or what!

  1. 36,691 Posts.
    lightbulb Created with Sketch. 537
    Just PASSing some time

    About 130,000 oz of gold were retrieved from the Nagambie pits in the 90s for an estimated average POG of about $750 of which about $500 would have been the cost and $250 per oz the profit

    These are not actual figures - just my estimates - please feel free to adjust accordingly

    That equals about $32-33 million profit over 5 years or $6-7 million per year

    These pits will now be able to take about 6.2 million tonnes of PASS over the next few years. With estimated PASS net income at about $100 per tonne - that equals about $620 mill

    Even if we stretch this over 10 years - that's still over $60 million per year just for PASS

    That's almost double what they made out of gold in the 90s - just thanks to those two pits


    Is this the pits or what

    GLTA
 
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