Thank you Perdant for again sharing your research and factual information on HC, your tireless efforts are truly appreciated here by many of us, I'm sure of that.
As I have followed you for many years, perhaps just before that horrific GFC, when trying to raise Capital was like trying to scrape up Gold from shook sh!t, impossible ! The GFC frightened many, and, caused many of us to bail, it was based on fear, not basic fundamentals.
Is there not a saying ...... " He who holds the Gold makes the rules"? IMO this has never changed.
Share prices (or MC for that matter) do not always indicate the potential value of a Greenfield discovery, such as this one. Early days. Again, how many times do I have to say in my head ..... "Rome was NOT built in a day".Why do I say that? Well for those that might want to know, I spent 10 years around Olympic Dam, and if you are not aware as to where that is, it is in South Australia. Who owns it now, BHP.
Mineral exploration is not a "roll the dice " exercise in terms of a Greenfield discovery, it is in FACT, how do we interpret this. Yep, it is challenging, but, very time consuming. After all, there were approximately 12 Diamond Drilling Rigs working on Olympic Dam during the PFS (Preliminary Feasibility Study) before a decision was made to mine. It took a few years, look what resulted during those years, Roxby Downs, a target for numerous take overs, and that happened.
So how do ASX:KAL look in the eyes of Explorers in and around the greenstone belt, from Laverton to who knows where, yep, just approx 100 K's East of the awesome Super Pit, right in the heart of Kalgoorlie? Form your own conclusion on that one.
Now for those who are holders of ASX:KAL, I like the first indication in the geochemical sampling with a little AC rig, but, they are only indicators of what may be beneath. In my early days around Kalgoorlie and beyond, a soil sample up and above a background of 50 - 100 PPB was an enormous indicator. ASX:KAL have found something far more staggering than those early indicators of days gone by.
The finalizing of the first RC drilling program is just a start, not a bad result either IMO !
Can KAL extend a Strike Length, further intersections at depth, not necessarily higher grades, but, with some continuity in terms of economic and ex tractable grades? That is the $1B question at this stage.
ASX:KAL are now at IMO, reaching a stage of making some rather big decisions......
1. Do we extend or attempt to define a further Strike Lengths to this initial discovery, through further AC drilling (geochemical sampling beneath transported cover)
or
2. Focus on defining Lifghthorse in terms of a JORC.
I think most of us are in appreciation of the program that ASX:KAL are endeavoring to achieve, yep, through strategies, honorable contract drilling deals and all that goes with it.
In the meantime, bet wishes to ASX:KAL holders.
Some may ask, why am I writing this post AXL: KAL, it is because I think from experience, Lighthorse has some hidden secrets, time will tell.
In the meantime, my money, or what is left of it is till in my pocket, until the applicable rule applies ..... "He who holds the Gold Makes the Rules".
Best wishes to ALL.
PoG is on our side : - )
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