Im not sure about your theory but if I may offer some of my...

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07/08/19

13:25

Post #: 39902014
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Originally posted by Kalenn: ↑

Conglomerate is a particular style of bauxite. It involves an existing deposit being mobilised and then re-contained where further weathering occurs. The odds of that happening over a 5 square kilometre area are extremely low IMO. Then we add to the equation the theoretical deposits isolation.

Therefore, if I owned, I would sell. I don't hold exploration stocks without good grounds for making progress, ie there has to be something already discovered. Hence the sentiment. Now if something happens to change those facts, like a successful exploration campaign, then and only then, I might revisit. In the meantime the stocks I own have tier one deposits which continue to grow. Also, I do not, ever, talk down any stock in order to get a better price for myself at the expense of another. Either it's good enough for us all to make a buck or it's too dicey to be involved with.

What I will do is jump in to highlight reality if some try to 'talk down' without substantiation, stocks where I own a good chunk of the company.

And I hope any stock works out for its holders. Unfortunately they dont all work out.

(and for disclosure, I own a very nice chunk of Canyon Resources)

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Im not sure about your theory but if I may offer some of my experience. Geological features tend to occur in trends/belts. Where you find one there is a good chance that due to similar/related basement geology and geological history (uplift, erosion, and rounding, then redeposition and cementation), that if there is one conglomerate bauxite deposit that there could be others in relatively close proximity. Geology, although complex sometimes, is not a random process. Also, if I'm not mistaken, LIN has mapped the outline of this occurrence. So the only question is its thickness, to be delineated by drilling.

LIN Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

3 Great analysis

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