old exploration reports and ramblings , page-2

That's a solid story for those coincident anomalies CC. I'm watching but I still haven't thought about it closely yet, apart from following your commentary and the reports. So I don't really have anything useful or technical to add or subtract. Just agree that your case definitely makes for a good punt here.

So just a general commentary:

Do we know anything at all about the Mag at Nebo-Babel (shape?, definition, size?)? I think that is a geochem discovery with an outcropping gabbro pipe host. Does it bullseye on mag, what about gravity?

I agree the mag and EM attributes (fig 3B, 9/4) are very interesting in light of how a Nebo - Babel mineralisation might look. It would be good to see gravity overlain there as well, so I'm guessing they haven't done that at high res.

I'll probably hold out until after ground EM and see how they orient everything then. When we get the ground EM, do we know much about the country rocks? chance for graphite? orientation?.

IMO, one of these big story greenfield plays will pay off at some point. We are in a somewhat unique situation in Oz at the moment whereby some removal of black tape and in a separate case, khaki tape, has opened up very large and very prospective areas - the SIR discovery has somewhat helped for prospectivity in these areas too.

Recent examples show if you play the exploration programs right, you can still win decent pocket money even if they come back dud for base or precious metals. Eg. MEU moved on Fe sulphides in GC last week, PNN moved on Fe sulphides in WM last Oct, and another to remain nameless in GC recently ran on speculation while the drill bit was intercepting Fe sulphides. Worth noting, that those three examples are technical successes from a geophysical view point. Which reinforces that answers to plays with well defined targets are usually quickly forthcoming. It's just a matter of increasing your odds by sorting through those who have a chance with good targets vs the dreamers, as CC does so well.

Obviously the attractive story here, IMO, is - what gives rise to these mag bulls-eyes aligned in chains that conform to the directions of the major structural lineaments, within proximity to this intrusive system, which is already known to be very large and host NiS? (fig 2, 26/5). CC explains a very logical case, and the coincidence of the EM on the first target makes it extremely compelling.

GLTA