THE chairman of Canadian miner Novo has blasted the growing number of junior gold companies making millions “riding on the coat-tails” of his company’s search for gold in the Pilbara.
Describing the sky-rocketing share prices of numerous ASX juniors as “nuts”, Dr Quinton Hennigh told The Sunday Times the Australian-listed miners were making the most of “highly speculative” talk without actually doing anything.
“So many of them don’t know what they’re talking about, frankly,” he said from the Pilbara where he had just led a tour of “smart people” — analysts, bankers, investors and geologists — around the company’s tenement south of Karratha.
“It does get silly,” he said, adding that there was no guarantee of another massive Witwatersrand-type deposit that had been constantly referred to when people discussed the Pilbara gold story.
Dr Hennigh said it could take months or “maybe even years” before Novo — which is in a joint venture with Artemis Resources — knew exactly how much gold the operation was dealing with.
What a fking waterhead.
https://www.perthnow.com.au/news/wa/pilbara-gold-rush-mining-company-novo-blasts-junior-gold-companies-ng-a91f55b4e67de578211687f971f2a382