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Ann: Gov NDIBK04 Data Confirms IOCG/ISCG Model for Mt Lamb, page-28

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  1. 80 Posts.
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    Yes, thanks I stand corrected on the word "reconnaissance". Nonetheless you can see that they no longer use the term "tier-1" and that the general language has been dampened down a bit from past announcements. Probably a good thing to temper expectations into the realm of reality i.e., they have nothing but a theoretical model. Still early days and still very highly risky (with high reward) but showing promise. Not a bust as some may be suggesting. It could take up to 100 DDs to zero in on where the high grade mineralisation has settled. The question is, how many will stay the course? On the point of credibility, they have lost a fair sum in not addressing the issue of the disconnect between logging and assays in BK04. They had a prime opportunity to explain it in this announcement yet chose not to do so for whatever reason. At the very least it should have been acknowledged. Sadly it was not. This will come back to haunt them. The longer they leave it the worse of stench it becomes. Heads up, Rome wasn't built in a day!
 
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