I would be astonished if the NST crew had not already considered conglomerate gold and the theory connecting it with South African deposits. The first chapter of A Maitland-Gibbs' 'Gold Deposits of Western Australia' devotes about thirty pages to the Pilbara conglomerates. That book was first published in 1914 and it's something of a classic textbook for WA geos.
So, after almost 100 years, I don't understand why the conglomerates have suddenly gained so much attention. But I'm staying out of the rush. As you suggested, VXR is sitting in the middle of conglomerate country and NST has 20% of it and could take control if it wants. Maybe VXR would sell NST the gold rights to fund their copper/zinc project?
Fundamentals haven't changed, page-547
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