RE:RE:RE:RE:My Personal Pilbara Investment StrategyPanamaJack wrote: TX, this is an interesting statement you made "the subject of rocks is actually a secondary matter at this time IMO." Well you still need to know the value of your rocks. There is a big difference between 1gpt and 30 gpt rocks and it will certainly have a substantial bearing on the Market Cap. You are making an assumption in your Special Ops scenario that those rocks are absolutely high grade, but what if your are wrong about the grade or you find out that not all conglomerates are full of gold, in that case the rocks will not just be secondary matter.
For the sisters the geology is very important. Some dont seem to have much good tenements. Novo has so many that it doesnt really matter. Imo novo is undervalued based on CW alone.
The market is pricing in 6-7Moz, CW could very well have 25Moz +... Does it really matter at this point if novo will have 100Moz or 1Boz? Not for me, over 10x potential is more than enough to invest a lot of money here.
And keep in mind that novo geo's have a good grip grade by now. They know so much more than we can imagine. In fact they probably know more about the sisters, than the sisters know about themselves.
The Special Ops are going for tenements that dont seem that valuable with the available info to date. I think they are novo driven, novo has a lot of new information that makes some tenements valuable (that werent valuable before)
Please note that this is all in my honest opinion, based on the availble info, the moves of insiders, the delays and the posts of some very knowledgeable posters.
Just days/weeks before the party begins!