tree watching vs forest watching

Assays for the reconnaissance drills (mostly 500m apart) that many are so interested in are really only important for the geos to cross reference with resistivity, aerial data, etc. to map the lay of the land, palaeochannels, etc. It is also a prudent exercise at the start of a drill program to set the framework for infill drilling of higher-grade envelopes. If you are completely fixated on assays for the reconnaissance drills... you may have taken your eye off the ball. You may be staring down a single tree at the expense of understanding what is going on in the whole forest.

Uranium is all over these tenements, but that means nothing when it comes to proving an economic resource. Drilling out the concentrated zones is the only way to prove a resource and the reconnaissance drills will tell you very little, if anything about the higher grade zones.

Looking at the postings here, I know there is a lot of short-term money in this stock, so I am not really posting here for you. 'Moneypost', did your mystical and ingenius downramping do enough to get you your fill in the 7's? I hope so - it would be good to ride this together and then maybe at the end of the journey, we can get together and I can show you why they call me 'Moneyshot'.

The focus of PKT's main men is to prove an economic resource as soon as possible. They know that if a resource is proven, the market cap will probably be ten times current levels and this will take a few months to do. HC is an entertaining read from time to time, but greater perspective will come from reading the larger reports released by the company over the last few months. If they can prove a few km's of 200ppm (all at surface), they will probably have a resource - and that would just be one relatively small zone within their tenements. Read about the scarp prospect - 1.2km averaging 220ppm at 100m intervals. You might also find that this extends much further than the 1.2km that was actually drilled. This is where the action is for mine... not in the reconnaissance drills. Sure, they need to do more infill drilling to get a JORC, but that is already underway and they are averaging 50 holes drilled and logged per week - how long do you think that will take? You all know about the various Gawler Craton companies diamond drilling to 500 - 1,000m... taking 2-4 WEEKS per hole. It is time consuming, very expensive and if they do find a resource at these depths... very expensive to extract. PKT's drilling is rapid, inexpensive and if a surface resource is proven, extraction will be quick and inexpensive. There is a lot to like. Looking at trees and not at the forest will usually lead to uniformed decision-making, high emotion and thus low financial intelligence.

Oh yeah, and what is developing at Springvale... well that's another story.