1 in 50 chance re: bh tip drill on abc Plough,Sorry it was a...

1 in 50 chance re: bh tip drill on abc Plough,

Sorry it was a typo (it was late) - should say a one in fifty chance - thanks for picking that up - would not want to mislead anyone. Reason for I in 50: Good order well delineated exploration targets have as I recall, odds of around 1 in 200 from historical statistics of producing something economic eventually . Exploration risk analysts are welcome to correct me on this. However, expert opinions have long echoed enthusiasm for this particular target and it’s gravity anomaly so I'd therefore improve the odds from 1 in 200 to 1 in 50. What is remarkable about the BHP tip drill is the size of the win if the deposit model sought is produced. A repeat of the Broken Hill orebody will be gushing news that will echo for years to come.

Why didn’t GRN drill?: I've an idea the BH tip drill has been tied up some how in the corporate wilderness for a while. GRN were down to do it but had to come up with significant funds. As any GRN enthusiast over the last year will know GRN-ers are winners. GRN have taken on so much that is so very promising. Delays grew and extended. Then the BHP tip anomaly got dropped by GRN but may well still benefit associated people even though it is drilled by SRI.

I get the uninformed impression the SRI management (eg Doepel) are very well regarded and in the world of loosely associated minors doing exploration for majors (eg GRN, MTH, MNR per BHP) and the allied forward thinking that permeates (including RIO) there is an informal connectivity between the individuals that form this powerhouse that eventually leads to new discoveries that is not immediately apparent from company reports. The long delays have meant that the potential return (and risk of failure) is now mostly embodied with two companies (SRI and GCR) that deserve to win and those who have always believed in this particular prospect have had the opportunity to take a position at a stubbornly historical low for SRI of 12c with limited downside. The anticipation is great.