on the day of the live feed
Aussie juniors are fun. I'm looking forward to the story as it unfolds. Love hearing Aussies swear!
My most substantial interest is in New Talisman (NZX NTL) aaand I don't have to suffer the NZD-AUD exchange rate.
Fully agree to your comments. I have around 3% of my invested capital into this possible once in a lifetime story. This now has gone up 50%. I am not counting holdings in Kirkland, Rio. And I have followed mostly the footsteps of Sprott. If this story turns out big and I am rewarded with a 10-bagger, I will be extremely happy. And to loose all is a pity but not a disaster. I am very exited to see the story unfold but will not risk all. These kind of very risky opportunities should be handled with care.
With John Kaiser (Novo discussion starts around 10'30" minutes in)
And Quinton Hennigh
golf is life
Not sure who the author is, just found it on HotCopper:
another of my miners Millennium ASX MOY slap bang in the middle of the Novo tenements. MOY now planning to reassess their conglomerates which haven't paid much attention to...
I'll look at this in more detail and repost again later...
I have found Millennium's gold operations just east of Nullagine. You are right, Novo does have tenements surrounding MOY's properties, the latter of which are located just east of Nullagine.
Whereas Novo's tenements basically trace the outcropping of Mt Roe basalt layer, Millennium looks to be mining paleoplacer gold on their properties, gold that appears likely to formed through hydrothermal processes, not via microbial mats in the target conglomerates covered by the Mr Roe basalt.
I found a bit of information regarding Novo's activities in that area (which is quite a bit east from Purdy's Reward):
And this, which doesn't look like a very good deal for Millennium:
MOY made this announcement recently, but I'm very skeptical:
I think they are just trying to cash in on the excitement. All the target conglomerate formations that Millennium once had are in Novo's possession. I also note that they are subtly using a way of designating their remaining tenements in a manner similar to the way the Geological Survey of Western Australia designates the Mt. Roe basalt.
Is there anything I'm missing, or has Millennium given it all away?
As always, do your own due diligence, good luck to all!
I think I would get pretty excited by the neighbours geology if it is a wits2. Price was OK at the time
yeh - I quite liked Millennium as a value play (without conglomerates). Nice drill results, however, I'm skeptical whether or not they can make money out of their proposed UG operations. The oxide ore near surface is great, however, the sulphide ore will be hard to make money out of. Why not look at the conglomerates?
ARV is probably the best value play and has all of their ducks lined up, IMO. The 100% owned Mt Oscar wits has conglomerate covered by JORC compliant iron ore. FMG or Rio could pay ARV to mine this "overburden" and ship it out of nearby Cape Lambert or Dampier. Not a great iron ore deposit in its own right, however, still worth money and better than stripping worthless dirt.
Munni Munni has a similar overburden of Nickel and PGE JORC compliant ore. I love the idea of being to strip away pay dirt to get to the (hopefully) gold bearing conglomerate. ARV is. not de-risked from SP going down. It's relatively de-risked in terms of viability as a miner.
I agree with @Dingo regarding Artemis, and what a great idea, having an iron ore company skim off the overburden (and why not the gold bearing conglomerate as well, deliver that to their mill), even if was just for letting the iron company have the iron for free, maybe a 1% gross royalty on the gold to sweeten the pot, it would still be a great deal. Artemis has a lot of options.
As for Millennium, I've looked closely at the geological maps, and it looks to me as though Quinton Hennigh picked their pockets. There is no indication whatsoever that I can see that they have any of the target conglomerates on their remaining property. But I really don't know enough about their existing operations to know if they're profitable or not. In any case, good luck with 'em @SilveryBlue.
Between the two, my money's on Artemis.
Trading Halt till Wednesday 25 of October pending an announcement of a significant discovery on one of DGO Gold tenements.
Artemis published the original report from 1987 describing spotty high grades of gold. https://artemisresources.com.au/investors-relations/research-reports?tas...
This is now believed to be part of the sediment layer covering large parts of the Pilbara regions.
ARV 37.5 up 23.0 percent DEG 22.oc up 18.9 percent. Both put out announcements today. ARV very interesting board appointment. Tando
Release Oct 31. DeGrey.