Re: The reasonable expectation?, page-4

I agree, and I don't find the current SP surprising. Promises of hidden treasure always sound suspicious. The press has found this a particular rich story to tell, Mining Magazine appears to have pushed it to their mostly British readers a few days ago, but I don't have access to that article.

Sticking to the facts as so far presented, if RDM keeps finding the same sort of intersections it has to date, then there is a chance that it is economic, but only a detailed (and expensive) study could show that. There is good extent to the beds, and their grades are impressive. But they are not thick, and it would be costly to mine them without significant dilution.

The bonanza grades and bulk deposits that were found in the Broken Hill and Cannington deposits are deemed to be dependent not only on the origin of the mineralisation, which could well be the same as Maronan, but also on subsequent geological events which concentrated the flat deposits. Short of a few photos of drill cores with centimetre scale folds, there has been no evidence of this sort of history presented yet. So a vital element is still missing.

Rob's Tier 1, Tier 2, ???? covers every conceivable situation so is semantically meaningless. Talk of Tier 1, Tier 2 without the question marks still needs to be taken with a grain of salt.

At the same time, I believe that experienced geologists have a better feel for the probabilities than amateurs like me, even if they are not easily or legally quantified. And with the directors of the company excited by the possibiities, I have increased my holdings.

Our little community waits with interest the results of the deep hole. But even here, while the vectors suggest a core at depth, they don't point to exactly where, so a miss must still be as likely as a hit.