"The Monotonous Madness of Managed Markets" Another article to share!!!
MMS has a sizable over 1500KM2 land holding in Pilbara.it is right address for anyone who wants to bet on the WIT GOLD 2.0, at last closing share price @10cents
it offers you the opportunity to play the momentum, and for those who shares the author's view of the article below,MMS is a safe bet on this Pilbara goldrush, as it has 1.3 billions tonnes of proven iron ore this alone has tremendous upside potential in the event if WIT GOLD 2.0 is nothing but a speculaton.
It limits the risk of losing shirts. Source: Michael Ballanger for Streetwise Reports (10/3/17)
Parts of the article that are relevant to Pilbara gold area play.
As for the current state of the junior exploration sector, the one stock dominating the airwaves in the past three months has been Novo Resources (NVO.V), which has seen a meteoric rise in price since last July when it exploded out of the gates after reporting results from a small bulk sample that sent the market into a major "tizzy." In the printed material, the company is attempting to draw a corollary to the Witwatersrand Basin of South Africa, the largest gold bearing region in the world with some fifty tons of gold (as opposed to "ore") having been extracted from the area. The gold in Witwatersrand was situated in conglomerates and the basis of the excitement is that Novo's "Purdy's Reward" project apparently has the same "nugget effect" in situ gold mineralization as the monster in South Africa. Now, to date, a relatively small bulk sample and a highly-effective video shown at the Denver Gold Show has propelled from a 52-week $0.66 low to well over $8.00, creating an (undiluted) market cap of in excess of $1 billion. Now, IF this turns out to be "real" and all of the hype and fist-pumping bears out, it will mark the first major "new discovery" story (it really isn't) in years and based upon the price action, it will be a shot of adrenalin for a largely moribund exploration market.
However, if it turns out to be, err, shall we say, "a disappointment," the resulting losses are going to be the fodder upon which books are written, lawsuits are launched, and sectors (like junior gold exploration) get ignored for at least half a decade. I have no means of determining the outcome so I congratulate all that took the (early) plunge and wish the rest of you the very best of fortune as the larger bulk sample ultimately reveals how this story unfolds. At a $1 billion (plus) market cap, there is not only no room for error or disappointment; there is a prerequisite for world-class grades and ounces. In the meantime, the momentum crowd is having a field day and since "the music is playing, you got to get up and dance."