STTCOMP NAG, FA Long Nagambie Resources Market cap $32M Cash of...

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    STTCOMP NAG, FA Long

    Nagambie Resources
    Market cap $32M
    Cash of $1.1M (Quarterly)
    Shares in MAW.TO 9.5M worth ~A$4M
    Cash and listed assets ~$5M

    20% rise today (25 May) - expecting further rise this week, and multiple bags in coming weeks/months.

    Central Victorian explorer with 3,600km² of EL's including 600 acres freehold site with 2 legacy pits (open cut) mined in 1990's.
    Diamond drilling for Fosterville-style sulphidic gold at depth.

    The shares in Canadian goldie Mawson Resources can be sold down progressively if required - good future funding, so CR unlikely.

    Have 2nd string to their bow with EPA approved pits able to take up to 5.5M tonnes of WASS (waste acid sulphate soil) from current Melbourne road tunnel infrastructure projects. Potential revenue of $250M over next 5 years.

    Expecting return to 20c+ on announcements on gold drilling, WASS projects in short term.

    Not financial advice. DYOR.
 
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