Ann: Kairos Discovers Gold in Pilbara Conglomerates, page-211

Hi there KAI Holders

I have to admit to a WTF moment and selling out at 0.11 after the ann. This is in response to both a need for funds to place in another play and a reaction to KAI finding colours and not nuggets. In 20/20 hindsight my view on the Wits 2 MRB play has altered a little. I am convinced of the need to follow the basal MRB conglomerate, but also to then look for significant unconformities underlying the MRB. With the KAI sampling, only one location turned up the gold colours, and this in a creek draining mostly younger sediments, mostly Hardey Formation. While the HF is prospective, the potential is like Beatons Ck, for lower grade deposits and finer gold. IMO KAI has better Wits 2 watermelon seed nugget prospects in their eastern and western most tenements and should be looking there. Geoview is down ATM but I will post more detail once it is back up.

Cheers

BS