Two years , why not?,,,,,, one year to get the digger in and...

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309 Posts.

20/11/17

19:12

Post #: 28961474
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Originally posted by happyonlithium ↑

I know 100% what KAI are doing: it's what they are not doing that you fail to understand. The 7K minelabs are what is required to find watermelon seed nuggets and one also needs to scrape 150mm down to penetrate beyond where the fossickers have already cleaned up. Simple starting point: it seems all the geologists want to do the opposite first!

This discovery will be a 100+ year operation. However, speed to define what you have using correct techniques is what I am more critical about. The prospectors have been here since the 1800's: no need to reinvent the wheel and Novo leading the way.

From what I've heard, MZN and CDT have purchased these detectors and will be out soon. I think KAI have them now too.

Watermelon seed nuggets ties in with the basin wide event theory so brings much stability and confidence to any stock demonstrating that result. However, I am confident KAI has them based on what surrounds KAI with Creasy and Novo.

I'm confident an operation could be set up in approx. 2 years from start to finish if heritage issues, environmental permits, etc are out of the way. A good relationship with the aboriginals should be set up ASAP: they will be busy people soon!

It's a fast moving story and those who don't prioritise it will be left behind.

I don't have any unrealistic expectations: I have grilled everyone I could at Novo to determine what is realistic. If you don't hold management to account and let them walk all over shareholders then only bad things result.

The wet season is coming and I'm getting a little sick of you telling me how I think when you seem to have no idea and have not made any efforts to find out first hand what is going on. I have a scientific background myself and am quite pleased with what management, in conversation personally, had to say on the couple of days of the tour.

It was quite interesting to see on the drill cores that MRB was in places mixed in with the conglomerate demonstrating subaqueous extrusion. Proving this subaqueous environment is another step to proving the basin wide event.

The conglomerates will for sure have higher grade gold and lower grade gold but the probability of continuity seems to be rising. The results from MZN were amazing today adding more weight to the story.

Our market caps will essentially be related to sqkm of exposed/surface MRB/conglomerate held: a higher chance to find the gold with minimal cash.

You can see money flowing around the stocks with the news so keeping up the pressure for results is not unreasonable. They work for us as shareholders as we pay their bills/wages.

I will remain objective as always so no offence taken. We are all learning and hopefully growing bigger bank balances. It's a fast moving game at this point.

;D

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Two years , why not?,,,,,,

one year to get the digger in and another to get the truck in , two years.........

As they say with this stuff, the best way is maybe to just go and mine it .

This whole thing is different to normal mining so no one can really say what the best answer is because this is new and everything else is old.

KAI Price at posting: 8.4¢ Sentiment: Buy Disclosure: Held
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