Novo v.s. Ginguro Exploration. Striking similarities?
Which is the better play here? I can't think of any reason not to be similarly excited for both of these companies as it appears that both of them are racing to find the first Witswatersrand type deposit outside of Africa.
Novo Supported by Newmont who recetnly bought and now owns over 30%
Ginguro is suppoted by Rob Mcewen, who recently took 100% of a private placement through his company Evanchan (spelling). Rob Now owns 18%
Both appear to be in mining friendly locations.
Both have blue sky potential.
What else am I missing?
Anybody who owns Novo who wouldn't touch Ginguro, or vice versa? I am on this board because I owned Ginguro before its run, but I see no reason not to take some profits and invest in Novo as well. Why not spread out my risk at this stage in the game?