It's not an assumption, it's a conclusion. Big difference. It is...

It's not an assumption, it's a conclusion. Big difference.

It is weird that the SP is still <20c when there's plenty of evidence that points towards the global significance of the deposit, e.g. results from the 2 RC holes prove the grades are widespread (locally) in the dolerite and the soil geochem, the rockchip results and the aeromag give you a sense of the massive strike length and width which translates to ridiculous tonnages. We've also demonstrated that the gold can be extracted with further evidence in the last update.

It's a combination of a bunch of factors: because punters don't understand the geology and what widespread disseminated gold means, as well as because there's no visible gold, the tricky metallurgy, the chequered history, the high MC and because the average ASX punter hasn't got a clue. In fact, even the experienced punters have steered clear.

I'm ok with that. I've been buying more recently and so have my mates.