I don't know anything about CHN and good luck to them.I also...

I don't know anything about CHN and good luck to them.

I also hear what you are saying about NAGs funds and the need for 'good news' soon.
I also think talk of Gold Prices has no direct relevance to NAGs as we are not producers as yet.
The Gold Price does however, have a huge influence on the Industry - on the predatory actions of Big Miners.
If NAGs is onto something with it's Gold Model, it will be notice sooner or later.
 
I disagree that they have drilled "into the most likely IP targets".
The current hole NND002 (not yet finished) and the next two are the key imo.  

If you look at the Diagram below the width of the aura gets much wider as they drill further to the west.
The "Aura' is the North South width of the IP bubble - The orange part below.
The current and consequent drill holes will be first to drill into the thick aura (marked in red).

The aura means much greater intensity of Sulphides and much greater chance of finding Gold.
The other major factor is that they HAVE NOT yet drilled into the 'Thrust Fault' which is about 1,100 m down.
The drill holes are angled and 1,100m has not yet been intersected - where the Thrust Fault.

The Last Quarterly said:
"NND002 should traverse further to the south and hopefully will intersect the Nagambie Mine Thrust Fault."
So the next 2 or 3 Drills are going to tell the story - going into the thick aura and into the Thrust Fault.
You may then say, why didn't they go straight to the "thick aura".

The Answer is they are doing it systematically not haphazardly.
Gold could have been found in lesser Auras, so that's why they were drilled.
Also, while-ever the drill holes are "Exploratory" they would eligible for the 43.5% Exploration Tax Rebate.

You worry about NAGs running out of money (I always have btw - for the last 8 years) but they don't.
The rebates will flow from next month as per the last App 5B on Page 4, $279K of rebates are due in March.
"An R&D Tax Incentive refund of $279,000 is expected by the end of March 2019." 
That is just the beginning of the rebates, they will be ongoing now that the "Lag Effect" is over.

The Funding issue is always there with NAGs. The operate on a "shoe string budget" & always have.
But when Funds are needed they are always there. The have willing backers.
I've always said the only issue for NAGs is - running out of money before hitting pay dirt. 
They know what they are doing though, just sit tight because the best is yet to come & imo isn't far away.

success will bring a huge Upside is huge.
They aren't looking for Gold in the 100,000's of Ounces but in the Millions of Ounces.
They haven't found it yet, but many of us believe they will within the first 10 Drill Holes.
They only as yet have Assays back on 7 Drill Holes.

Having only One drill drags it out a bit but we are talking about a co worth $28M & SP is 6.5c.
The Upside to that is that it is ALL UPSIDE - imo anyway.

NND002 should traverse further to the south and hopefully will intersect

the Nagambie Mine Thrust Fault.

NND002 - The Current Drill Hole is about where the red square is. In 'prime Aura' territory