The Vic Govt is looking at spending about $10B on the Metro Rail...

The Vic Govt is looking at spending about $10B on the Metro Rail (plus whatever further add on's the CFMEU rangle). Yet they aren't going to get that back in Transport Savings for Decades even a Centuries. That's the nature of Investing - time and money, patience and persistence, short term sacrifice for long term gain.

I see this Qrtrly as " nothing lost and only a little gained" which is is disappointing if you haven't got a Longer Term perspective.

Eventually NAGs has to deliver and Cash Reserves are the key. I don't mind CRs as long as there is progress towards the goal. The progress is seldom ever as fast as we/I would like but 1 month or 2 months can make a huge difference. It's all about "what ifs" but when they come off (and I believe they will) NAGs will be one of the most sort after Stocks on the ASX & the SP will bolt imo.

The move of Newmont into the Region should not be underestimated. They produce about 7.5m oz of Gold a year at a profit of about $7.5B yr. When a Monster like that gets hungry it gobbles up a lot of Small Gold Explorers. NAGs could be one of them, especially if it starts look'g over the fence to the East of their New EL & sees little NAGs with all the green grass.

We all have to make our own assessment. I'm always wanting more but I'm happy with where things are heading in the next 2-3 months.