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Ann: $7.97M share placement for expanded Exploration, page-91

  1. 6,604 Posts.
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    Its not just CHN hype Markie there is science behind it, very few of the wealthy are also stupid or they don't stay wealthy for long.

    As Ive said about eighty times now the standard Geological modeling for PGE systems is rich, widespread and repetitious.

    This is why the Goyder companies immediately on the Julimar discovery went out and pegged all the good ground it the greater area that was not already pegged. They pegged a massive surrounding area on the advice of their Geos.

    You don't do this to this extent with a regular old gold discovery. You don't don't this with a regular old zinc or lead discovery.

    This is because PGE discoveries normally repeat in multiple richly endowed zones of mineralization over a very large area.

    And this is why so many nearology plays especially the Goyder ones (but also we have to look at all early pegged leases closely) are thought to have good chances of target mineral repetition .

    The Russians have been mining their rich large Siberian PGE deposit for well over 100 years, not because they are slow or poorly equipped or it is not valuable. Its incredibly valuable, its just so big they have not mined it all yet.

    Stop thinking about this as a regular mineral discovery and do some reading on PGE discoveries and deposits and the whole thing will start making more sense.


 
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