RE:RE:RE:RE:Taking Stock of "Sluice Fundamentals" Fair enough ... such is the difference in opinion. It's what makes for entertaining discussion.
Whether or not you believe that acidic primordial water could hold millions of times more gold in solution than today, it still remains that a sea actually existed prior to an oxygenated atmosphere. This is known from the rock analysis (sedimentary evidence), irrespective of gold content.
And since these acidic seas are gone and today's water solutions hold very little gold, then it all still remains a theory on where it all went. So, all we are left with it seems are alluvial and fluvial nuggets scattered randomly about a 400 x 600 km area.
Let's hope that one day Novo can prove out the source(s) for it all. From Karratha to Bellary to Nullagine and to the northern coastline. In the meantime, there's some mining that needs to get done. In which case, I considered it to be less risky having a mill at one's disposal. But that's just my opinion.
I also wonder if Millennium Minerals would have actually gone into Receivership at today's gold prices despite all its management problems. Again, another theory that really isn't so critical these days considering the task at hand.
Tx