RE:RE:RE:RE:RE:MY SUMARY OF QH INTERVIEWDrake As I have consistently commented there is a high grade core at both Purdys and Comet Well that if mined -preferably a gravity plant -will probably produce 10-20,000 ozs. But both sites demonstrated no continuity along strike. Therefore unless further exploration demonstrates otherwise -and that seems unlikely -the Karratha gold endowment is very limited - suitable maybe for a small listed company or for a private operator but not a company with a market capitalisation like Novo. The same applies to Egina - in essence low grade aluvials with very little proven potential especially as strip mining large areas of the Pilbara landscape wont be tolerated.
Now one area Novo should be focussing is the very deep marine gravels on the De Grey River -huge tonnages of easily processed gravels - up to 4g/t in historical exploration - tons of water and grades that would appers to support very large gravity and /or ore sorters -a completely different situation that is being completely ignored. But having bedded down another new IPO maybe I will have the financial firepower to do it within my group of companies.