Agree there is a long way to go. Middlecamp used the duck...

Agree there is a long way to go.

Middlecamp used the duck analagy to suggest that gold bearing conglomerate was extensive and continious because gold bearing conglomerate had been found in widely dispersed locations. To him it was evidence of continuity, which of course contradicts what johnathonc reports having been involved with conglomerate prospecting on various tenements throught the Pilbara. Nonetheless it is proof enough for Middlecamp, based on what he has seen and read it LOOKS to him as proof.

Based on what the market has seen and read, the same analagy might be used to describe the likelyhood of economic gold in some parts of the Pilbara. If juniors have priorities elsewhere for gold or are getting rid of tenements for not spectacular prices it LOOKS to the general market as proof.

Both LOOKS might turn out to be right or wrong, we simply dont know.

Sprotts involvement cannot be seen as the proof some people like to believe; he covered some early bases KAI, DEG in case they turned up something worthwhile. Not because he had any proof of mineable gold.....he provided funds so those juniors could do the necessary work to do that. So far results have not been spectacular.

Covering lots of bases early can be rewarding if some of those bases come up trumps, and it looks like Novo at least has. While he may have hoped they all would, at least his probable win might cover any lossess. I think overall he would be well pleased.

Its a mistake to read in something thats not there as some seem to have done.

Back to KAI, i dont think anyone can judge their potential based on what others may or not have. The amount of gold in conglomerate is variable and still much of KAIs is unexplored. At present prices its really no risk whatever to take a punt.