Tthe announcement 30th January was nice. But I always look for the 'odd' things in life. Page 2 had a standout, almost bizarre photo. The pan of gold with a handful of nuggets from their tenements. That photo is truly SPECTACULAR; for the eastern goldfields, excluding the original rush, a once in a lifetime event.
It is very hard to value a 'free gold' prospect. The industry is geared to 5 grams to the tonne or so. Try to find 25 grams in a tonne!
Why publish that photo? They can't grade it in any meaningful way.
All I can conclude is they have free gold nuggets, and lots of them.
They have an obligation to the ASX to keep the market informed.
They made no attempt to discuss, in a scientific sense, anything but drilling results - they can't.
So? I see the photo as a very unscientific report to the market saying we have shitloads of these things.
Again from talking with the dirt scratchers back in 1967, where you find a fingernail sized one you will find a lot of very small ones.
If you can answer my question in a better way, let me know.
Dyor,
gold nuggets
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