From that arctice: The Inferred Resource of 609,000 tonnes at...

From that arctice:

The Inferred Resource of 609,000 tonnes at 2.4 g/t gold for 47,000 ounces of gold was reported in accordance with the guidelines of the JORC Code (2004).

At Grades of 2.4 g/T the production cost (even with transport costs factored in) is going to be around $500/oz or less. That's a Profit of $1,300/oz if the Gold Price is $A1,800/oz. That's not speculation - it's a JORC Inferred Resource.

So Clonbinane's known resource of 47,000 oz at a Profit of say $1,300/oz ($1,800 Gold Price - $500 Costs). The 47,000 oz at $1,300 profit would mean a total profit of $61M or 12c/share (Assuming 500m shares.)

None of that is speculative, it' based on 'knowns' and realistic assumptions.

Interesting to ponder what NAGs Management left behind to pursue PASS & Sulphide Gold.

I've personally had times when I lamented where we "could have been" but I don't disagree with the direction management took. They went after the much bigger reward and have always been confident it will pay a huge reward. So it's taking longer but rewards should be much greater.

In other words, there is good reasoning behind the direction they have chosen and the rewards may not be as far off as our next Christmas. No where near it imo.