I think there was always going to be a bit of churn with the...

I think there was always going to be a bit of churn with the fluctuating gold price / impatient investors / those attempting to shake the tree. That being said, we are still trending higher and the potential news flow / opportunities suggests we will continue to go higher. I agree with your comments then @perdant!

The decision to mine Pinnacles should really get us going. Rough back of envelope calculations below:

• 78,000 indicated and inferred ounces;
• Conservative (IMO) gold price of AUD $2,500 during H1 CY2021;
• Carouse Dam's AISC is $1,262/oz as noted below bu Aurum below (let's assume NXM pay $1,400/oz - Carouse also includes underground mines);
• Potential upside = $1,100 (being $2.5k price less AISC) * 78,000 oz = $85.8m over life of mine;
• less 10% payment to SAR as JV Partner = $85.8m - $8.58m = $77.22m.

These are very rough figures but as people do research on companies with a comparable market cap, it should be obvious that a small cap exploration company turning over positive EPS is extremely rare.

Plus all the upside from Wallbrook exploration, I'll be holding with you Perdy.