ghosta That was one of the best negative arguments that I have...

ghosta That was one of the best negative arguments that I have read on any of the conglo boards. I don't agree with you, but kudos for a logical, measured argument.

Here's why I don't agree. 1) "Impossible to know until you mine" - partially true, but only because the large sample size (#) and volume (kg) of each sample required for whatever is the statistical threshold requires a type of exploration that equates with trial mining (hence the mineralization report to be approved by WA in order to obtain mining leases). 2) "Results in one location cannot be extrapolated anywhere else" - QH's recent interview addressed this - (same nuggets in similar stratigraphy in a number of places multiple km apart), and this is very early days in terms of data. 3) "Noone has found anything that can be confirmed" - it is more accurate to say that noone has yet announced anything, AND few are looking, or yet trying to confirm. As written then, many would find this to be very misleading statement. 4) The next paragraph talks about variability, and is fair enough - there could well be considerable variability, but when Novo releases their first multiple assay results, along with shape, strike, depth (and hence cost to mine), this will be the big reveal for all the players and their prospective areas. And the quality and economics may well render the variability manageable or even irrelevant.

Then 5) "Such ground won't be explored unless it can be bought cheaply". This is true given the information available today, and may remain true - we don't yet know. Kai appears to have lots of the most prospective type of ground. So what happens when more information becomes available ( grade, continuity, similarities in nuggets in similar settings hundreds of km apart - some gaps, but hang on a minute, mate!?). I think this is the point @Lemand is making. You/we have something here that might be very special - this is why I bought. You may well get a 5 bagger now, maybe not. But if you hold out beyond the great reveal - the Eureka moment some of us are expecting, you can expect much more. If Kai holds out, will it be left behind? - that's the question/risk. I know what I would do.