OK.
None of the NAG current activities are in Clonbinane, Redcastle or Doctors Gully. So if there's another "Fosterville" type thing where NAG hope it is, MAW won't get anything except via their 10% shareholding. There's a map in the July 19 quarterly update.
But NAG isn't doing anything in those tenements, so if MAW does find something there, it's all upside from NAG's ownership of MAW shares.
NAG Fundamentals Resulting from Mawson JV, page-80
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