Ann: Mt Remarkable High Grade Gold Assays, page-110

scarpa,

For someone who doesn't own any stock you have gone to a lot of trouble outlining your thoughts about KRC's latest assay results.

In my humble opinion I thought those KRC gold assays were simply exceptional and I’m currently having trouble finding any other junior explorer or producer that has recorded such high grade, shallow gold intersections anywhere in Australia recently. Perhaps I am being biased given I am a shareholder.

Your explanation seems to suggest to me that perhaps you don’t fully understand mining i.e. waste stripping of open cuts v/s head grades going to mills for processing.

Those 2 high grade holes you spoke of were also only part of the holes, with the balances expected to still be assayed over the standard 2 week periods. Maybe one should wait until we see the bigger picture .

I anticipate that KRC will most likely be looking at selective underground operations anyway to extract such high grade gold from the style of epithermal vein systems identified, but this is very early days, and in some of the zones likely down dip and along the 1 km mineralised strike, the veins may very well widen.
We will obviously know a lot more in the coming months from further drilling. So rather then speculating I will adopt the wait and see approach.

Such a mining method would obviously mean that head gold grades going into the mill would be very high with nominal waste material included.

There has been much speculation about KRC's share price performance today. Perhaps this could be explained because of the trading halt period for traders, or quite possibly the public holiday in WA, or perhaps tax loss selling by some coming into June, or just maybe the general lack of understanding of selective underground mining of such shallow high grade mineralisation.

The behaviour of the sharemarket is often a mystery to me . To make sense of it and how it reacts to news is often confusing to say the least. Anyone buying KRC shares at the moment is also getting a one for three bonus option which is worth REAL money . Plenty of incentives to buy shares at the moment on the back of excellent drill results and yet here we sit, less then half the market cap of where we were a couple of months ago.
Did I say the sharemarket sometimes works in mysterious ways.

Any further updates on the other Mt Remarkable exploration gold drilling, the Vanadium studies and Vanadium purity and the Fluorspar deposit can only add further to this developing story over coming weeks.

I would have thought that there is plenty to look forward to in the coming weeks and months for long termers. Given everything we already know about KRC one would think there is still plenty to get excited about.

Cheers.