RE:RE:Taking Stock of "Sluice Fundamentals"Like I said, I never denied "structured type" gold deposits in the Pilbara. I actually stated that type of deposit (similar to Blue Spec) in the second post:
"And finally the classic Ore Vein hosted high grade gold Deposits: The Pilbara is also featuring an ample amount of these rich vein deposits as well. "
But my response was primarily focussed on your intial inquiry on what ever happened to the Precipitation Theory discussion - and pertaining to the conglomerate rock specifically.
Regarding the economics of the conglomerate mining vs the hosted gold: I never assumed it was all positive. In fact, I am clearly stating that it will be complex with varying results. Like any mining operation, there are always "cut offs".
But that's exploration and building a mining business. If this was all a sure thing, Novo shares would be trading at over $1000 right now.
My question to you is actually more simple: Where do you draw the line on a Risk / Reward investment point for a junior explorer? Especially one that has grown the size of Novo and now owns a milling operation. I would think that if this kind of risk (as in Novo) in unacceptable, you would just stick to small or intermediate producers that already have a positive business.
It's a portfolio holding that holds serious merit. A most fascinating one, that far exceeds many of the conventional business models of it's peers.
Tx