OTCPK:ARTTF - Post by User
Comment by
Raptor7on Nov 10, 2017 1:06pm
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Post# 26940938
RE:Artemis opens higher in Europe this morning
RE:Artemis opens higher in Europe this morning
Maybe this latest news will change some of the thinking that is out there. I have watched in bewilderment Novo being valued so much more richly than ARV. They are 50/50 partners on Purdy's Reward, are they not? And let's be honest, Purdy's results thus far have been heads above anything anywhere else. But somehow we've been lulled into believing that NVO is so much more valuable because of their huge land position. Apparently in Pilbara, a bird in hand need not be worth two in the bush.
So, fine! Let's go with this. But ARV now announces the presence of widespread Fortescue sediments on their Munni Munni property that greatly improve the prospects for this area and they announce the acquisition of tenements that "plug a very big gap in the map". Hmmm! Maybe Novo doesn't have it all. So when will ARV start receiving appropriate value for this extra land? Maybe soon and perhaps we can for once and for all get rid of this silly notion that ARV should be worth only one quarter that of NVO.