time to play the aces, page-9

Thanks GZ always interested in gaining more insight.

You said

" but all is also dependent on the concentration of the calcium carbonate sampled and whether that carbonate was pedogenic in origin or drainage induced."

My geochemistry and geomorphology is light on. I assume the pedogenic carbonates eminate from sedimentary limestone deposits below the covering soil in the vicinity of the anomolaly, while drainage induced carbonates are from wheathering and washing down channels from distant surface limestone outcrops . How does the calcim carbonate influence the presence of anomalous surface mineral samples? Are the minerals captured in the porous limestone and hence the strong association?

I think I might need to do some future geosciences study if I aim to be a serious mining investor. Did not even do geography at school.

As for

"why did they can it for the present instead of continuing with the RC?"

I think at the moment they have to be careful with existing funds and the rest of current drilling programs had to focus more on the final definition for the Kundip Resource. Existing funds (approx $3M at end of March) have to last till August and completion of the DFS.

Railway although it created a bit of excitement it is not relevant to the DFS and getting the project underway. Potential ne discoveries like this is more about giving Phillips River a 10 to 20 year mine life - so more on Railway, Queen Sheba etc when future funds are available. I think the choice to work on Railway at this stage was a little strange given the current focus. I think Steve and Co must have had a very strong belief that they are on a winner with the Railway anomaly. Imagine that if Railway proved to be a rich shallow deposit the potential effect on the share price could have been significant. Like you I am very interested in the conclusions of the limited initial testing of Railway.