I have no doubt - and I don't think anyone has any doubt - that...

I have no doubt - and I don't think anyone has any doubt - that setting up a mine is an expensive exercise.

But here are a few expenses that NAG don't have to worry about:

Roads - we have two main highways which run north and south to main metropolitan cities - no need to build roads or airports
Water and power - we are already on the grid - no need for dams and power supplies
Labour - no need for expensive FIFO workers - they can drive home every night
Infrastructure - no need for worker accommodation and major workshops
Plant and Machinery - Given the proximity to major centre - leasing and maintaining will cost considerably less

Just a few expense items we won't have to worry about.

At the moment we have about 6-7 klms of "targets of interest" as identified by NAG's IP program in just a 2-0 sq klm area

If we get acceptable grades - the sheer volume of these targets will make it a very sought after target by the gold majors who I'm sure at the moment are sitting on the fence and ready to pounce when the grades are known

Keep in mind we have 200o sq klms of Waranga formation ELs that could come into play

This could be a once in a lifetime opportunity if both gold and PASS fall into line and a still a great investment if only the PASS comes in.