RE:RE:Why do you like (still) Novo?You're a mofo like usual. Jump to conclusions.
I am looking for an entry point as well but that one is not based on the sp.
To make it clear I do not believe in the gold in conglomerate story. I have said it over a year ago and I'll say it again. This 2017 pump is for the books and will be debated in universities around the world for decades to come.
And there was no gold precipitation from seawater in Pilbara and a year later all the studies tell you the same thing. Gold was derived from weathering of gold reefs and transported to the sea by ancient streams. The very same reefs that nowadays are being succesfully explored by many Pilbara juniors.
I was right and I will always be right. Period.
There would be some limited extent patches that will be economic to mine but they are more suitable to mom & pop ops not to a listed junior miner. But in most cases the lack of fine gold and the lack of mineralization's lateral continuity means that they are in trouble delineating mineral resources.
Not being able to have a bankable mineral reserve also means that no one will lend them money to build a mine.
There is more to that but I'll leave it for another time.
I have also said that the only thing that attracts me to that region (not to Novo) is the ground that is prospective for gold in hardrock settings. And for other commodities as well.
But in order to be successful you'd have to re-focus the whole exploration effort on this kind of deposits. Not on paleoconglomerates. They can even let other small operators mine them and they would only get a royalty. It won't amount to much but better than the wild goose chase that happens right now.
What I would like to see?
A change of management in the first place. They ALL have to go. They have to be replaced with mining people.
One of them can be kept as consultant only.
Now you know.