Ann: KNB returns 150m @ 0.71g/t Au from fifth drillhole at Enmore, page-73

For starters, I really appreciate your tact. People reading my comments should question my opinion and I welcome anyone telling me I’m wrong. Full disclosure I’m not a geologist and have only been in this small cap investing space for under 2 years. With that said, I own and run 2 successful businesses, one in construction and one in IT, and like consider myself not a mug.

I have interpreted the results of hole 5 to be bullish, as we are still open at depth and grades are decent within the mineralised zone. While I appreciate holes 4 and 5 to be not as strong as 1 and 2, if you look at the position of where they are in relation of the structural zone, they sit at top where you can should expect the gold to start drop off as it’s probably the top boundary point. Holes 6 through to 10 (plus 3) are now tracking down for what I assume KNB is trying to confirm the 550m length of this structural zone. It also positive that hole 5 confirmed the 75m width.

The real needle mover is when KNB start testing the depth of Enmore. Orogenic mineralised zones of this size on average go down between 600-900m. Some cases are up to 1.5km. Obviously it presents mining challenges that far down, but given KNB is in its exploration phase, I put it to you it’s better gold in the ground than not.