NST have never had margins front and centre. As long as I can...

NST have never had margins front and centre. As long as I can remember the mantra for:
- NST have always been "Growth in Oz in production".
- SAR similar to NST is production driven "The standard you walk past is the standard you accept"
- For EVN "Margin over ounces"

As for your other points, it will inevitably lead us to the exploration ounces vs boardroom ounces "Can of worms". So I will digress but here is a reason why NST have been so successful in growing from a shell company to what it is today and exploration isn't it.

There is a full gamut of Goldies in the ASX nowadays almost 200 of them last time I did a count. We are spoilt for choice. If a Goldies aspect is lacking there is another ASX Goldie that will have it in spades. It is up to you to sort through the "wheat from the chaff" using the aspects important to you.

Side note. Update on Post #:71063941 above: I forgot to add the SAR + BGH.
- SAR + BGH : $57.88/oz at 0.660Moz
- NST + POGO : $86/oz at 4.1Moz
- NST + Yandal East: $101.16/oz at 0.603 Moz
- NST + Yandal East: $231/oz at 0.264 at Moz
- NST + EAR : $140/oz at 1.8Moz- NST/SAR + Super Pit : $297.29/oz at 7.4Moz
- NST + Millrose (STK asset near Jundee): $187/oz (+1.5 million fully paid ordinary NST shares) at 346koz gold (at a grade of 1.80g/t).