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On what basis do you conclude that it is patchy?

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morganman

1,251 Posts.

131

20/03/18

09:14

Post #: 31875658
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Originally posted by ghosta ↑

Before attempting a reply to a post it is good practice to actually READ the post. You will note I have NOT written off anything, only suggesting it will take a long time before anyone will actually knows if the deposit is likely to be economic.

The ann did not add much information about the conglomerate gold in the vicinity of Loudens. Sure they found more nuggets and are using the panning techniques just like many of the other junior explorers, hardly any sort of "breakthrough".

To suggest that the conglomerate does not outcrop at all in this area is incorrect. Like everywhere else where conglomerate exists there are large areas covered with scree etc, which may contain significant gold when unearthed. If it does, it shows the gold is probably much patchier than Purdys or Comet Well.

I know it is difficult for holders to look at the facts and ignore the hype, particularly when everyone else is exited....necessary if a rational view is to be formed.

Further work may show this is indeed a rich deposit. Why are many assuming it is, without this work, and with all the evidence so far indicating it is far from a Purdys or Comet Well?

If your driven by hype then of course the answer is irellevent.

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On what basis do you conclude that it is patchy?

DEG Price at posting: 16.0¢ Sentiment: Hold Disclosure: Held
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