For Traders Actively Tracking Developments in Australia
Firstly, thanks to Ned for starting up this forum! Rather than cluttering up main street, I look forward to exchanging information, opinions, and investment strategies with our fellow turdites here! Working together we should be able to really get a good handle on what >may< prove to be the greatest investment opportunity of all time.
A lot of skeptics have been of the opinion that Quinton Hennigh's Great Gold Precipitation Thesis ~2.78Ga (GGPT) is wonky, no data supporting it, and that the gold discovered in the Pilbara to this point is largely due to alluvial paleoplacer activity, thereby concluding that the deposits are sporatic, hit and miss, etc.
This skepticism has been re-enforced by old time geologists who have been for the most part unsuccessful in finding much of anything with wide-spread continuity throughout the Pilbara Craton. Today's news release by Novo is a potential game-changer: http://www.novoresources.com/news-media/news/display/index.php?&content_id=275
Here is the most important passage in that regard:
“We are pleased to see strong continuity of the gold-bearing conglomerate unit at Purdy’s Reward,” commented Dr. Quinton Hennigh, President, Chairman and a director of Novo Resources Corp. “Diamond drill core is providing us our most complete picture to date of this remarkable deposit. >>>>>>>>Gold-bearing conglomerates were clearly deposited in a shallow marine setting, an environment that can potentially persist over large lateral extents. These are not erratic, localized river-lain alluvial deposits.<<<<<<<<<" (my emphasis)
This is looking more and more to me like the "real deal"! As always DYODD!
For those of you not interested in theory, I beg you, please avoid vacuous posts like "nobody really knows what's going on" or "they will still be debating theory of how the gold got there 50 years from now" blah blah blah. There is nothing more practical (and profitable) than a good theory! Just ask Quinton Hennigh! Of course, we should always consider contrary >well-grounded< objections. Theories are, after all, by nature, refutable, and should always be considered as such.
Good theories must stand up to the light of day!
Sure, there will always be those investing solely on the basis of who else is investing, or fear of missing out (FOMO), and there is nothing wrong with that, but let's do our best to keep things more substantive and avoid inanities. GLTA!
Disclosure: My mining portfolio is 30% invested in the Pilbara, mostly NVO.V, but also a good bit of ARV.AX, DEG.AX, and also dabbling in KAI.AX, CXN.V, MMS.V, RUG.V, DGO.AX, CAI.AX, PGM.AX, PIO.AX, RTR.AX, SEG.AX, and VXR.AX.
For my fellow turdites only, I am active on CEO.CA as @Stocksluice
I have a 4 figure share investment in NOVO and just picked up Artemis and DGMLF These are buy and hold for the most part Continuing intel will be helpful
From ceo.ca @janturco Kaiser talking Novo on Jay's show ;Starting at 12.15 min. and he doen't get interupted.. https://www.voiceamerica.com/episode/102978/where-can-we-find-the-next-novo-resources
It's as though the Novo news release meant nothing...
One big ho hum tonight from down under.
Less than one hour before close:
ARV.AX up 5.26% (still lower than the close on Monday)
CAI.AX up 2.13%
DEG.AX up 10% (still lower than the close on Monday)
DGO.AX down 1.74%
KAI.AX no change
PGM.AX up 3.57%
PIO.AX up 20.00% Woohoo! Signs of life!
RTR.AX down 3.57%
SEG.AX down 6.49%
VXR no change
Looking forward to a lot of fun watching this evolve.
My Pilbara holdings, including Novo, are actually down almost 1% on the day.
Wow! Just wow! Amazing! I wish I had more to invest...
The Aussies are givin' it away!
I think PIO is interesting... the conglomerate layer of interest lays above the greenstone granite basement, but below the Mt Roe basalt. PIO's tenements of interest appear largely absent of Mt Roe basalt. So, either the conglomerate of interest is completely eroded away, or, there is some of the target conglomerate left... I'm betting on the latter, but that's just my opinion.
I'm also betting that the Great Gold Precipitation Thesis (GGPT) is correct.
Disclosure, I have a minor holding in PIO, just in case (FOMO).
As always, do your own due diligence.
We now know, based on Novo's news release today, that the target conglomerate has continuity within the Purdy's Reward tenement. Based on tonight's action, Australian investors remain skeptical and complacent, and more than willing to dump their stocks in companies holding adjacent tenements of interest for 2-5 bag profits. Who can blame them?
So, what will it take to turn the tide? My guess is more confirmation of gold in the target conglomerates from other companies coupled with high-grade results from systematic wide hole drilling, which I understand Novo has underway this week. Once, or, I should say, if, those high-grade results (i.e., matching those from the trenching that resulted in ~68g/t), I think the Aussies might pick up and start to notice, and begin buying back their shares or at least holding them more tightly. If I'm right about this, a small time window remains for those of us buying into the sector to pick up shares at what may in hindsight be looked at as ridiculously low prices. I'm biased, obviously. DYODD! GLTA!
See especially from ~20min to 30min
What Philbarra stocks can you buy on US exchanges?
Are there any others? I can't buy ASE stocks in my account. Thanks for this forum and the information already provided. This is clearly an area where more information is very helpful and the potential for upside is great.
Well, the West Pilbara is about 1000 miles to the South West of where I live in the East Kimberley. That might make me one of the closest Turdites to the action. I guess I feel I have contribute to this discussion.
QH is doing a great job with everything, and especially, his pronunciation of Pilbara. He's the only North American to even get close. Kaiser etc, are not close I'm afraid.
So fellow Turdites, It's PILL-BRUH or possibly PILL-BRA. Something along those lines will get yourselves understood down under.
I'm perhaps a combo investor of FOMO and flag flyer. I think comparing this area to Witswaterand is like comparing a twenty year old Tiger Woods to Jack Nicklaus.
Tiger fell half way short of Jack's record. That's still good enough for second best ever. I'd happily take this sort of result for my Pilbara investments.
Driving through the area late November. I'll keep you posted with any gossip that I hear.
KL, NSRPF, DGMLF and ARTTF. Got scared out of Nova when it dropped a dollar from 4.24 to 3.20 but I'm back in to stay hopefully. Will look forward to sharing here too.
Good luck everyone... as we'll need it as long as the CB's have the ability to paint any chart they so choose.
At the moment, and for the near future, I'm confining myself to KL. I've bought stock and ITM calls to increase my participation. I've noticed that the TSX has more strike prices and a little more liquidity than the NYSE(unusual as its usually NYSE with more liquidity for inter-listed stocks). There are no options on NVO.
BC has to keep his head over this, as he is accountable to his subscribers. One thing about BC that keeps rattling around in my brain is that he refers to himself more as an economic geologist than as a geologist per se. I'm not sure why, perhaps because that is his main interest. How economic are different prospects.
So, from that point of view, I invite my fellow turdites to take a wee look at the spreadsheets @HHorseman at ceo.ca has put together, coupled with the very conservative economic assumptions that he is making. You can find them here:
Pretty good risk/reward, I'd say! And those numbers are assuming that Novo has absolutely NOTHING OF VALUE anywhere else! Somewhat surprising that BC hasn't considered those numbers, eh? Or has he? Hmmm...
@stateside posted a fabulous map of tenement ownership in the 'Pilbrah' (thanks @Dingo, great to have some turdite 'boots on the ground' there! Any turdites here privy to what's happening up in the Golden Triangle of BC? Almost worth another forum for that!)
Here is the map:
Compare that, with this: https://secure.kaiserresearch.com/i/jk/pics/PilbaraGeologyMapFrimmel.gif
Target conglomerates lay beneath the Mt Roe Basalt...
As always DYODD, and GLTA!
You may wish to follow TXRogers at www.stockhouse.com
Here is something to consider that he recently posted regarding KL and NVO:
Since I started following this play down under, I've doubled and redoubled my KL holdings.
As always, DYODD, and GLTA!