high-grade zinc discovery confirmed: 21m @ 31.02% Zn, 12.05% Pb, 258 g/t Ag, 1.43 g/t Au, page-36

Yep, exciting but iffy Sarg. 'If' it all comes together then the 10 bags is on the table. That is big 'ifs' though. Broadly speaking it comes down to these 4 big 'ifs'.

1. Geology. Looks like that is getting a tick. We can see the right lithology indicating a VMS field with proof already of massive sulphides from both magmatic and hydrothermal depositions.

2. Geometry. Big if here. Will it turn out to be potential for open pit mining with follow on underground mining?

3. Metallurgy. The really important study yet to come in order to tell us 'if' the ore will be easy to process. The type of polymetallic deposits in this region can throw up some interesting challenges when trying to design the correct processing flowsheet. Have a look at the issues AMI faced over the past few years as an indicator of such.

4. Size. The big kahuna 'if'. That all boils down to tonnage and grade and will be revealed one of these days when a maiden JORC resource statement is issued. Until then we can all postulate to our hearts content and take positions as we deem fit......... risk v reward stuff.

So early days yet, but none the less exciting with the announcement of this discovery hole. Watch this space.

Cheers