A genesis based on new developments in the physical chemistry and flow properties of colloidal substances is proposed for the pipe-like Peko orebody. The rheological behaviour of sediments is governed by the contained colloids. Remobilization of thick pasty sediment during diagenesis is regarded as an essential step in the concentration of metal dispersed in sediments. At a high concentration the sediment pore fluid is a dense gelloid such that van der Waals attractive forces between the colloidal particles exceeds the coulombic repulsion. This permits accretion of the colloids into globular clots and their fracture fragments. These have a uniform size distribution dependent upon the rate of shear, and the sediment lithifies to clotted, porphyry-like, "gritty", dolomitic or igneous-looking intrusions and flows. The physical chemical properties of natural sediment colloids appear adequate to account for ore formation.Adsorption accounts for the dispersion and retention of metal in sediments. Accretion accounts for the segregation of the colloidal materials to give the various types of clotted igneous-looking intrusive source rocks. Syneresis enables the colloids to spontaneously draw together and to dehydrate. Formation of an ordered lattice achieves a lower energy state and desorbs metals and insoluble metal compounds "particle by particle" into the escaping water of hydration and pore water. Peptization enables migration of the metal hydrosols as stable dispersions until they merge for outflow through seepage zones or water extrusion channels. Nucleation and concretion precipitate the metal dispersoids from pore waters seeping through hydrous parts of the source rock, porous beds, faults, and zones of weakness by which the connate waters leave the lithifying sediments. Gelatinous precipitated mineral matter in the ore channels is capable of thixotropic reliquefaction when disturbed by shock or movement. Local reintrusion, flowage, interveinings,brecciation, and intermixing of the materials is the result.The principles of the suggested genesis are applicable to both syngenetic and epigenetic mineral accumulations.