nice write up on gold strike, page-27

"March 2013 Quarterly Report – 30 April 2013
An independent gold analyst, Peter Arden, has estimated that the Nagambie Mine, if found and
mined today, would have direct cash operating costs of roughly A$950 per ounce.
Grade is obviously critical for heap leach operations. If a mined grade of 0.8 g/t gold resulted in
annual gold production of 20,000 ounces, mined grades of, for example, 1.2 g/t and 1.6 g/t gold
would simplistically give 30,000 and 40,000 ounces per year respectively.
Hence, if the cash cost for a mined grade of 0.8 g/t gold was A$950 per ounce, cash costs for mined
grades of 1.2 g/t and 1.6 g/t gold would simplistically be A$633 and A$475 per ounce respectively."

So for 1.6g/t it would cost A$475 per ounce!

Gold is currently at US$1342 or A$1507

Difference is A$1032!!!!!! per ounce!

Now if we combine this info with the latest NAG info - we could conservatively be looking at 30,000 oz per annum @ over $1000 per oz = over $30,000,000. With 265 mill shares out there - each share is worth $0.08.8. So what's a div worth? We haven't even calculated the dump profits yet!!!



EXCITING GOLD INTERSECTIONS AT WANDEAN
? 21.1 grams per tonne (g/t) gold intersected at Wandean, the highest gold grade ever for the Nagambie region. The previous best oxide gold assay was 16.3 g/t gold at the historic Nagambie Mine in the 1990s.
? The presence of shallow high grade gold at Wandean will significantly increase the average grade and improve the potential economics of the gold mineralisation.
? Some of the better intersections for the second-pass exploration drilling program at Wandean are:
? 37m at 0.85 g/t gold from 7m down hole (including 15m at 1.45 g/t from 7m) in drill hole WRC 21;
? 2m at 11.0 g/t from 7m (including 1m at 21.1 g/t from 7m) in WRC 23;
? 4m at 3.3 g/t from surface (including 1m at 10.6 g/t from 1m) in WRC 42;
? 5m at 2.2 g/t from 30m (including 1m at 4.8 g/t from 34m) in WRC 46;
? 5m at 1.9 g/t from 46m in WRC 25;
? 3m at 3.0 g/t from 30m (including 1m at 6.2 g/t from 31m) in WRC 34; and
? 4m at 2.1 g/t from 29m (including 1m at 5.4 g/t from 32m) in WRC 41.