I don't think we necessarily need "spectacular" grades - which...

I don't think we necessarily need "spectacular" grades - which would be nice of course

I think we need "commercial" grades which would translate the 7 klms of IP anomalies into a quantifiable gold mining asset.
Those IP results must mean something - and the first hole will give us a pretty good idea of what the pretty red and purple bits really are.

What we know so far is that Nagambie was mined in the past to the tune of about 180,000 oz - (that's about $180 million (after costs) in today's money)

We also know that the oxides found at the top must have come from sulphide formations below them

Given the experiences at Fosterville - we can assume that the suphides will bear more gold than the oxides.

What we know is that NAG went to about 750 m depth with NAD001 after saying they would go to about 400m

Why?

I don't keep fishing the same spot if the fish aren't biting - but that's just me.

I am confident that the next Quarterly due out soon will make good reading