Pilbarra Forum

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Tue, Nov 7, 2017 - 2:41pm
StevenBHorse
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By the By

I went ahead and paid up for the article. I got too much tied up in the stock not to read the best stuff out there. Out of respect for the author I will keep the info contained to myself. For any with inquiring minds, I will respond to DM's.

Tue, Nov 7, 2017 - 4:29pm
StevenBHorse
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link

This is pretty cool tool. I don't know how to use it.......yet.

https://geoview.dmp.wa.gov.au/GeoViews/Viewer.html?Viewer=GeoVIEW&extent...

Tue, Nov 7, 2017 - 5:09pm
pabste
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StevenBHorse

How long did it take to get the article?

Edward Pabst
Tue, Nov 7, 2017 - 5:26pm
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Why the doubt?

When this fairy tale really becomes reality there is a lot of money at stake. They have a 50/50 JV and I can not see that being interpreted in any other way. I can imagine a scenario in which someone like Eric Sprott becomes the kindergarten teacher pulling a few egos apart in order to move forward and to make money asap. 

As a disclosure: I am an owner of Kirkland (so a few Novo shares), Artemis, De Grey, Kairos. No Novo. I was too late aware there was a party going on over there. So might be talking too much out of my book.

Tue, Nov 7, 2017 - 9:23pm
StevenBHorse
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Turnaround

30 minutes 

Wed, Nov 8, 2017 - 6:12am
jaba
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Novo

I arrived late to the party.

I was sitting on the fence, but Eric Sprott's presentation at the Jekyll Island conference (which I only saw on the 1st Nov) convinced me that I should get in before it was too late, so I bought Novo on the 2nd Nov at CAD$7.80.

I am now conflicted as to whether, or not, to buy some more today, or to hold off until a price pull back. My track record at timing is lousy, so whatever I decide, it will be wrong. However, I have a strong feeling that a couple of years down the road, Novo at CAD$8.32 will be seen as a steal. So I will probably take the plunge and buy some more today.

This is my first visit to this forum, but I will be a regular visitor going forward. Thanks to everyone for the valuable input, all of which I have read with great interest.

Wed, Nov 8, 2017 - 10:53am
ned braden
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@ jaba

Feel your angst....

I didn't bite on KL or Novo until way too late; not withstanding TF interviews with Eric Sprott. It does appear that this may be different due to the nature of the deposits, coupled with the 7 year price-suppresion that has exhausted us all; not the least of whom is our humble host Craig.

Perhaps the price suppresion rebound if allowed will be magnified and justify our perspective. Sometimes the universe works that way......

NB

Wed, Nov 8, 2017 - 11:07am
jaba
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@Ned

I concur.

Wed, Nov 8, 2017 - 12:03pm
infometron
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@jaba & Ned

I think this party may just be getting started!

The snacks are all laid out... help yourself!

golf is life

Wed, Nov 8, 2017 - 1:21pm
Clarki Stomias
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Late to the Party?

No, if you are on this board you are just late to the Gold Bug pre-party.

The main party is just starting. StevenBHorse and I were PMing this morning and he said it right: The moves so far have just been the die-hard gold bugs and industry insiders jumping in. The general market hasn't even really woken up to this yet. The Aussies themselves are just in the past few weeks starting to wake up to what this Pilbara Wits 2.0 play means. Once the general market investors worldwide get wind of it and start to jump in?

Infometron, maybe you should post that Bre-X chart again. Just for giggles.

Wed, Nov 8, 2017 - 1:46pm
infometron
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@Clarki Re: Bre-X chart

... your wish is my command smileyhttps://1.bp.blogspot.com/-1RUBqWRP07Q/Uf7wLm3gS0I/AAAAAAAAIIw/mrY19GPyFnQ/s1600/BRE-x.png

Note the characteristic consolidating bullish flag patterns...

golf is life

Wed, Nov 8, 2017 - 7:20pm
ned braden
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You beat me to it, Clarki

Kairos comes off trading halt tomorrow, too. Could be quite interesting in Australia tonight.....

And Vancouver Metals Forum starts this weekend !

Wed, Nov 8, 2017 - 7:53pm
Clarki Stomias
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Kairos trading halt over: 22km of target conglomerate found

The Aussies are being cynical and selling at the open, but this looks like a very good start to me. Now to finish reading the release.

https://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1d074kn-43p2xv3bbnkj57.pdf

---

edit: This definitely extends the conglomerate/wits 2.0 play in Australia. Starting to fill in the gaps. HotCopper message board is going crazy on Kairos posts tonight/their Thursday with 108 posts so far and KAI being the top post getter on the board.

---

edit2: There's a rudimentary tenements map on page ten of the pdf above that shows all the major players' pilbara tenements mapped over the known Hardy's and Mt. Roe Basalt layers. It's the most comprehensive map I've seen yet. What I wouldn't give to have a google maps version of that. Still trying to figure out how to configure StevenBHorse's map he posted yesterday to get that info all in one map.

Looks like Kairos also got to borrow one of Novo's/Quinton Hennigh's geologists to do this 22 km strike mapping. That feels somewhat significant as well. 

Wed, Nov 8, 2017 - 8:06pm (Reply to #93)
Clarki Stomias
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KAI Trading halt is already over in Australia

It's Thursday 11/9 in Australia. (That always throws me off too.) Thus far it's traded back from the US equivalent close price of $0.105USD/$0.135 AUD back down to $0.105 AUD.

You can follow the live prices and comments here:

https://hotcopper.com.au/asx/kai/

Click on the green or red box (depending on the day) next to the stock name at the top to check current prices.

Thu, Nov 9, 2017 - 3:31am
Dingo
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A relatively undiscovered "nugget" CZR

Someone on HC posted about this CZR (ASX) Coziron this am. A Penny Farthing stock but looks like it's acquired some nice ground amongst the notables. I decided to punt $7000 on them for a laugh. ARV and DEG are my main plays in this. What a great week!!!!!

https://www.aspecthuntley.com.au/docserver/01919072.pdf?fileid=01919072&...

Thu, Nov 9, 2017 - 8:53am
cavalier
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Eric bought 50,000 more Novo; New Corporate Presentation

On 11/7 Eric Sprott bought 50,000 more shares of Novo at $7.95.

On 11/2 he bought 50,000. He seems to like the stock.

Novo has a new Corporate Presentation on their Website dated November 2017.

Several new slides about the geological model and near shore marine alluvial deposit. Talks about similarity to Yukon. "At Comet Well-Purdey's Reward, a succession of marine reworked gravel rests on a wave-cut surface." The gravels host gold at Purdy's is compared to the ocean bottom at Nome.

In the most recent press release Novo said they took "several grab samples" from "trenches". They then showed three samples from one trench that had fine gold. They did not say if all of the samples had fine gold. On the message boards (which have to be taken with a grain of salt) some say there was not fine gold in the other samples and that means that the gold is not consistent throughout the conglomerate. Of seven trenches, six found the conglomerate. Seeing the pictures in the presentation, it makes sense to me that the deposits would not be uniform, some areas will have more some less. Any thoughts?

Boy, this is a lot of fun. The information is coming so fast, it's hard to keep up with it. But I appreciate this forum. Keep it coming. This could be very big for all of us.

Thu, Nov 9, 2017 - 3:30pm
seneca sam
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Appreciate the Forum and participants

Turd and Sprott brought my awareness to Novo and Pilbara. I have seen enough information to shift some money from my other miners into this story. I am not early, I bought NSRPF at ~6 and added a minor position Artemis..ARTTF. I also bought a bigger position in KL at ~12

I believe it's worth the risk to invest in NSRPF and ARTFFwith capital I can lose. (Can not want or anticipate) If Witswatersland 2 occurs than I believe I am in at a good price.. 

I appreciate this blog for information on the goings on in Australia 

Good luck to all

Fri, Nov 10, 2017 - 10:24am
cavalier
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Artemis expands land with Joint Venture

Artemis released a press release that indicates that they are expanding their Purdy' s Reward land position by entering into a joint venture where they end up with generally a 70% interest. Some of the land is near Purdy's Reward and Comet Well. This substantially expands their land area in what appears to be a hot area. Check out the map with their press release. I'm surprised that Novo didn't pick up this land.

Fri, Nov 10, 2017 - 11:46am
ned braden
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Pilbara Porn..

#2 Hartleys Site Visit: Jack-hammering in Trench 1 at Purdy's Reward, NVO:ARV JV
Fri, Nov 10, 2017 - 1:01pm
Clarki Stomias
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Artemis Realization

I sold half my Artemis Monday because I wanted to get in on Kairos. Oops. This morning I bought back some Artemis. All of that equivocating was due to one David Lenigas, CEO of Artemis.

I had a realization driving in to work this morning that have changed my approach to Artemis.

First some definitions:

Snake-Oil-Salesman: A morally questionable, self-interested, Bullshit artist who talks up a prospect that doesn't have any prospects.

Promoter: A morally questionable, self-interested, Bullshit artist who talks up a prospect that actually has prospects. This individual may also work to increase those prospects so as to increase their own wealth (with the peripheral attribute that, purely by accident, they may help their shareholders along the way). Sometimes these people build huge companies.

I thought David Lenigas was a Snake-Oil-Salesman. It turns out, I was wrong. He is a Promoter.

Robert Friedland is cut from the same cloth. Sometimes he has been a Snake-Oil-Salesman, others a Promoter.

As Turdite cavalier points out above, Lenigas announced that Artemis grabbed a heck of a land package this morning right near Purdy's reward. He continues to doing things like that or like bringing in the Dubai Sheik to promote and build his personal empire. 

I will stay passenger on the Artemis train as long as I can see that Lenigas is not using the wood that holds the passenger cars together as fuel for the firebox. And check the bolts that hold my seat to the floor regularly.

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