No don't get me wrong, it is a very good gold prospect, and it HAS to be drilled!
But some have been suggesting that it is a no-brainer as a major gold discovery, particularly Thylacine with its multiple parallel vein sets. And in fact that is what it was originally presented to me as, in a broker's note, based I think on the big names that were buying into it as much as anything else.
Having looked very carefully at it though, this has tempered my initial enthusiasm, and I prefer to wait until Thylacine is drilled to see if there is any grade between those reported quite narrow, quite widely-spaced veins.
If there is, I will invest with confidence.
But if there is not, then the same tight capital structure that has almost doubled the share price on little additional news will work in reverse on the way down. And I'd rather not be killed in the rush for the exits.
Thanks for your input though. Much appreciated.
But you have to admit, there are zillions of those little gold occurrences throughout the Yilgarn. And most of them are not major gold mines.
Best of luck to all.
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