Macquarie Bank accused of manipulating stock, page-39

It's hard to imagine, though not impossible for the whole 600m thickness of gabbro to be mineralised. We really need drilling data to inform the grade-tonnage equation - it's early days. If we fail to define any significant volumes of waste rock once we've drilled the full thickness then the reef is 600m wide.

Of course the grades are going to be variable but even if the mineralised portion (wastere ratio) is 10% and it carries those grades it will still be the biggest gold mine in history. I still haven't seen any evidence in their sampling data that there is any unmineralised gabbro but that could change.

If I qualified everything I wrote my posts would start looking like Esh's verbose posts (although I think he's been reigning it in a bit lately) . Oh and by the way Esh, if (when) it does the biggest gold mine in history, people who think I'm ramping will realise that my posts were acutely insightful, but all I'm doing is using the evidence at hand to build a simple geological model which gives us a very early stage exploration target.

The bottom line is that if there's a good chance that they have found the biggest, richest gold mine in history and we have the means to extract the precious metals from the ore, the risk:reward ratio makes it a Buy for me (not advice, just my viewpoint).

If it's too risky for a prospective investor and they need to see the first drilling results (from the same gabbro we've already sampled at surface) and the pilot plant spitting it out gold bars every week before they buy in, they're going to have to pay a large premium IMO.