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ghosta

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28/02/18

17:32

Post #: 31424557
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Originally posted by JandJ ↑

We are talking about the so called Wit2 Conglomerate gold aren't we ?? Not Roe Hills or another KAI prospect !!

The leaders are Novo Resources (TSX listed) and ARV Artemis which are the two companies with permits to dig bulk samples to manage the uneven distribution of nuggets in the conglomerate.

Once a methodology is agreed with the JORC to obtain a resource and mining reserve other companies can start their programs using that methodology. So it is clearly a bit silly to start work which may just have to be repeated.

Meanwhile, when the weather fines up, and maybe gets a bit cooler I reckon there will be hundreds of teams scouring tenements in the Pilbera to find and map outcrops of basal conglomerate in the Mt Row Basalt group.

Is the Gold Rush about to restart - and if so do you have good seats on The Rattler.

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Had to laugh at this post!

There has been no mention ive seen of anyone submitting a methodology to alter the JORC, but it may be worthwhile attempting such a thing down the track if a reliable methodology can be worked out over time. It would have to have sound basis, independently verified, and the appropriate comittee would take some time to approve it. They might argue about it for years.

We may see such a thing in 5-10 years time....perhaps.

Irrespective of that, KAI have not announced that they will wait for such a thing to happen. In the last conglomerate ann, they advised they intended to do follow up work to pin point priority targets. Obviously when the weather conditions allow a program to take place.

KAI Price at posting: 3.9¢ Sentiment: Buy Disclosure: Held
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1 Great analysis

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