The quiet achiever, page-3

TxRogers on stockhouse today.

 

"I would like to direct you to some key points of the presentation:

•          Eric Sprott is holding 16.4% of the company
•          The company held $6.4 million in June of 2018. 
•          1/3 of KAI's market cap is cash.
•          643,000 ounces of resource already in the Pilbara at Wodgina (Structured Gold)
•          KAI Croydon Project (consisting of Mount Roe, Basement, Fortescue Group sentiments Hardey Conglomerates & Sandstones ) sits at epicenter of Pilbara Gold Rush.  
•          1,158 sq-kms of tenure in the middel of the Pilbara action. 

 

KAI is a "must have" part of any NVO shareholder's portfolio IMO.  It's a sleeper with dynamite under the covers.

And obviously run by an articulate gentleman."

" Out of the mouth of babes" comes to mind when reading the post from the articulte Stockhouse regular who lives above the Japanese restaurant in Rogers, Texas and is no doubt top of the class at college.

 

While TX has repeated the basic facts about KAI that are well known, the presentation does provide some new information that is important.

 

1) A track is in place by now to provide vehicular access into the heart of the holdings. This will allow access for drilling and trenching equipment and general exploration. While the ground is remote, it is no longer innacessible.

 

2) The conglomerate layer is thin, much like that shown by DEG at Loudens patch. This makes it simple to mine,  simply mine it all if its generally gold bearing. KAI, in this area doesnt appear to have the difficulties that Novo has trying to guess which part of the conglomerate to mine as different parts of the conglomerate have rich layers which vary.

 

3) There are parallel sequences of conglomerate exposure. Unlike Purdys/ Comet Well where the conglomerate dissapears under ground, apparently it resurfaces again on KAI's holdings. This means that during exploration you might follow the conglomerate layer direction untill it is exposed and get a three dimensional picture.  This could be an enormous advantage in exploration and perhaps mining.

 

4) It has been confirmed that other layers of rock are likely gold bearing, including sandstone (soft rock for mining) and the strata equivalent to Beatons Creek, above which large nuggets were recently found. Its early days yet, but KAI appear to multiple opportunties that noone else so far has!

 

5) We have strong indications that KAI management view the nuggety gold potential as being very much complimentry to their structural gold. If all comes together, then much like DEG,  mining of both would be done simultaneously. The structural gold provides feedstock for a mill during any periods where processing of nuggety gold stops as target areas run out and mining moves to the next target area.

 

All this new information is painting a picture that the market, which most spectators appear slow to recognise...KAIs Croydon holdings appear to out of the ordinary in a number of ways, and might be the premier Pilbara tenements!