Artemis Resources Ltd ARTTF

Concerns

[wwadehammer]

The following was posted on the DeGrey's Hotcopper Board and raised concerns about the potential for the amount of gold in the conglomerates.  To be fair, a prior Novo NR in Oct mentioned that the gold seemed to be concentrated in the lower mafic zone so the Nov 24 NR should not have been a complete shock.  The posters conclusion about getting out should Novo not describe the thickness of the gold bearing lower mafic zone would be premature as it could be anywhere from 1/2 meter to 5 meters thick.  I do agree that Novo should describe the height of the lower malfic gold rich zone as a range to give the investor an idea of how extensive the gold is;



The thing that concerns me the most and the thing I have seen the least discussion about is Novo suddenly announcing the gold zone is limited to the base of the mafic conglomerate zone.

This is a huge unexpected wtf and it nearly made me puke here is how the story has evolved in terms of thickness.
1. Nuggets through conglomerate that are 11m average width.
2. Nuggets limited to the mafic part of the conglomerate, average thickness not specified.
3.Nuggets limited now limited to the base of the mafic zone, average thickness not specified.

So we have gone from 11m nuggets zone to ??? mafic and now from ??? mafic to ??? base of the mafic zone.

As investors in this story we have been misled we have made decisions based on inaccurate information, I can forgive the initial downgrade, but the second downgrade and the lack of accurate widths it stinks.

When they said just the mafic zone I thought probably half at least 40%, so I was like fine 4.5- 5.5m all good no issue, but now it's the base of the mafic zone? wtf is the base of the mafic zone? can we be abit more vauge.... the fact they are being vague makes me concerned are we talking .5m or 5m huge difference in resource sizes based on these small details.

They claim a 3-d model of everything will be coming out in mid December if this model has actual specific widths on it and we can confirm these widths are in the 5m range then everything is still a go in my mind, I will be tripling down and riding into the world biggest bounce when these trench assays come and slap some a$$es of some people on twitter saying some very stupid uneducated unbalanced sheet in the midst of all this panic.

If on the flip side Novo don't provide specifics for exactly how wide this gold zone is I think at that point it will be sell into the trench assay bounce and run.
Read more at https://www.stockhouse.com/companies/bullboard?symbol=v.nvo&postid=27043004#j1yOchi5cOc07gOS.99