New No 1 World Gold Producer, page-35

You make some good points Wellie and there is a growing focus on the Central Victorian goldfields. Taking control of a company like NAG would be a very interesting proposition - there are about 1000 shareholders with the majority of shares in what one would consider "safe hands" and many of those SHs would have had a couple of opportunities to sell at 20-30c in the past couple of years.

NAG is also in a fairly unique position insofar as it also has a PASS activity it is pursuing which may be worth substantial amounts over the next 5-10 years as it fill its pits with 6.2 million tonnes of PASS it hopes to get from various public works projects in Victoria.

Fosterville has certainly been a game changer for Central Victoria - and NAG had the foresight a few years ago to recognise what Fosterville was all about and set about securing well over 2000 sq kms in the Waranga Region.

Augurs well for its very patient shareholders