"What a ham-fisted way to say that Archean hosted, dilational...

"What a ham-fisted way to say that Archean hosted, dilational shear hosted mineralised shoots tend to be continuous at depth until interrupted by faulting or other intrusions. Again, the contradiction in your analysis is dumbfounding. On the one hand you say the M1 Sth shoot is highly probable to continue at depth (certainly another another 220m into TAN018-228) yet on the other you say that nobody will apply value to that probability until it is proven by x drill holes at y centres. You mistake the stock market for some black or white, binary outcome. The vast majority of stock market participants attribute upside and downside to a large range of probable or potential outcomes, then second guess other's decisions to make money from the direction of prices as all the disparate opinions, greed and fear are parlayed into the price action."


Two points.

Actually if you read my post and the accompanying link regarding the structural geology of the project, I made the point that part of the reason the high grade shoots should continue at depth is because they have been created by pressure shadows related to a deep granitic intrusion, ie the logic being that because the intrusions are deep seated themselves, the high grade shoots they produce have a higher probablity of continuing at depth by comparison to other Archean shear hosted deposits which may not have such a unique set of primary structural conditions.

Secondly you continue to misinterpret what I have said.

I didn't say that "nobody" would apply value to the company based on the probablity that these high grade shoots continue at depth, I said "an expert engaged on the basis of a takeover offer" to give an independent asssessment of value would not value a single hole in the same way as a 2.5 year >100koz/annum JORC compliant resource, which is potentially what that deep hole could represent. There is no doubt your average "market participants" could value that probablity in all sorts of ways, you see this every day on stock markets around the world, people valuing probabilties/possibilities way too high but experts are bound by certain valuation methodologies, I should know as I once co-authored a paper for VALMIN.

You can not accuse me of contradictions I haven't made.Esh