goldencraton wrote: This area has produced 60 million ounces of gold in 125 years...
https://www.abc.net.au/news/2018-08-30/no-end-in-sight-for-kalgoorlie-gold-rush-super-pit-125/10184396 Novo could be sitting on tens or even
hundreds of millions of ounces of gold and who knows how much lithium, nickel, copper, zinc, iron and ?
April 2019 would be less than 3 years from initial discovery by JC at Comet Well to the start of trial gold mining at Egina. That is amazing IMO. From there gold production will likely expand multi fold year on year for many years to come as Kirkland Lake, Sumitomo, Newmont and others get more involved.
If in 12 or 18 months from now Egina, C/W, P/R and Beaton’s Creek were in production and most of Novo’s acquisitions were complete, where would the share price be then?
The gold price could also be completing a multi-year bottoming process here. Calculate what a bull run in gold mining stocks might add to that share price.
Then add in
basin wide acceptance by the market.
That’s what I’m betting on here with Novo et al.
Now is the time to do the science, make the deals and get the permissions.
gc