Ex – it seems that Pure has adopted a vow of silence since AngloGold showed up. Don’t hold your breath about getting them on the show.

Yeah, I know Mike, but I think Cory finally connected with them. Fingers crossed.

Understood OOTB and thanks for the heads up. However, it encouraged some nutty responses back by R.H. that had to be scrubbed where he attacked you and Big Al. If Glen has some thoughts back it would be appreciated if they could be migrated over to the political section moving forward. Cheers!

Ok…….. understood……. cheers…..

Was R H’s response on . Dec 18 .. this post?

Yep. It was a personal attack and removed.

otb Trump may now be planning a long term trip to s arabia to escape justice and civil cases my comments have been deleted from sat night but wacky otb his comments are still up Why???

Russell, your posts were direct attacks against both OOTB and Big Al, which is against the site guidelines.
They were meant to be ugly and combative and didn’t offer any value, and were garbage posts. If you want to chime in on your political views without attacking people here, that’s fine but take them over to the political section. This thread is for economics.

Solution ……… MR. RUSSELL…………. come over to the political section…..
and repost your comment.
“wacky OOTB”……… will be glad to have a conversation with you………
even though in the last several weeks , … I decided my time with you was a waste of time….

Terry: Thanks, that interview was an eye opener. I have to ask why buy Novo when you could buy De Gray? Novo’s resource appears questionable while De Gray’s appears real.

De Grey? They have 1.4 billion outstanding shares. Good luck with that, dilution on that virtually insures you will only make money trading the stock. Good thing with that is if you get a bump in the stock price you will be able to get out of your position with that amount of liquidity.
Same reason why I won’t buy Wallbridge. If they did a share consolidation I’d get interested, but right now they just have way too many outstanding shares for my liking.
On the opposite end of the spectrum you have Benchmark Metals. Very low volume, so getting out if bad new occurs will be hard. But they just got a ton of money in an upsized funding that Yamana got in on. Got my position at 80 cents and buying any amount I can under that until end of the year as the last of the tax loss sellers get washed out.

DJ: Thanks for the thoughts on shares outstanding and De Grey and Benchmark.

De Gray with 1.4 billion shares and Benchmark with less than 190 million. That is quite the contrast. That looks to be way more shares than Novo has outstanding. No doubt it will take a lot of good news to move the needle on De Gray. Is that just the way Aussie stocks roll?

Good points gentlemen. I’ve been growing a position in Benchmark as well and see it growing into an economic deposit that will become a mine.

Right they can’t get a permit to go in with machines, looking for nuggets. Australian government only allows pick and shovel for fossicking. So they are kinda stuck with that big land package unless they can find a way around those regulations.

Mike, I watched DEG until a few months ago when someone said they don’t understand the stock and didn’t know how to value it. It has come down alot since then and Kaiser sure thinks it has a big future.

Terry: From listening to Kaiser it seems that both De Gray and Novo have been hit by the same puzzle and De Gray was the first to figure it out. From a 2021-11-04 Novo news release mentioning De Gray:

– Novo has identified multiple discrete untested aeromagnetic anomalies with magnetic characteristics comparable to the “Hemi-style” gold-bearing sanukitoid intrusions being developed by De Grey Mining Ltd. (“De Grey”) (ASX: DEG).

– Novo’s extensive Pilbara land package includes 216 km2 of highly prospective yet under-explored Mallina Basin geology across a significant NE trending mineralized corridor potentially extending to De Grey’s Hemi gold discovery (Figure 1).

– Review of historical exploration has defined two large (> 1 km strike) coincident high-order Au-As-Sb soil anomalies along the structural corridor in the vicinity of the Becher epithermal system.

– Reconnaissance drilling undertaken by another issuer in 1997 (20 x 200 m) within the Au-As-Sb anomalous zones intersected up to 4.38 g/t Au. This information has not been verified by Novo and is not necessarily representative of mineralization throughout the Egina project.

– Exploration planned for early 2022 includes high-resolution aeromagnetics, regolith and basement mapping, grid soil sampling and drilling to test these priority targets.

Wonder if De Gray is due a finder’s fee?

Think I may buy some De Gray instead of more Novo.

Mike, look at the following point from the Novo news release you refer to. The language is vague and a little misleading for example…potentially extending to De Grey’s Hemi gold discovery….
It seems DeGrey figured it out and Novo is trying to piggyback on that success.

Novo’s extensive Pilbara land package includes 216 km2 of highly prospective yet under-explored Mallina Basin geology across a significant NE trending mineralized corridor potentially extending to De Grey’s Hemi gold discovery (Figure 1).

Terry: I totally agree!

I woke up this morning and it occurred to me that all of Novo’s deals and news releases are about finding a path forward for the company. Their inability to permit the flagship project has sent Management scurrying and while they fight the permitting issue they need a future. Let’s remember Novo is a Canadian Company and they are dealing with Australian regulators so there is no love lost there. Please don’t tell me if Novo was an Aussie Company they and the regulators wouldn’t have cut a deal by now!

So, where are we today? Novo’s management is in a box and needs a win somewhere to fight another day and perhaps De Gray just gave them and us a road to that win. We as shareholders shouldn’t panic but honestly in this market where possibilities and potential aren’t valued at all $1 US a share for a small producing miner with an iffy resource is par for the course. If they find something following De Gray’s lead then a re-rate is possible. While I’m starting to feel that we are being played by Company Management I’m not going to sell right now. Novo really need to provide clarity on the permitting issue, take a breath and provide a roadmap for a future without that permit.

All Aussie miners seem to have high share count. For example RED has 2B, SLR and RMS each have close to 1B shares out. So instead of buying 1000 shares of a $10 stock, you buy 10,000 shares of a $1 stock…no difference.

blazesb: I’m sorry but don’t they have a permitting issue with the Pilbarra site? If they can’t do their huge bulk samples how do they develop a resource estimate? How do they get their permit? Or am I getting sites confused. With me senior moments are always possible!

Hey Mike in Alb. I follow Novo from a distance these days. The rhetoric following Beaton’s Creek achieving production emphasized the pilbarra work being funded by Beatons Creek. We’ll see how that goes.

From my distance i’ve assumed that the ore sorters issues were sorta being sorted out (sorry–sort of can’t resist bad puns). And i can’t claim to know which pilbarra location Novo will prioritize for development.

So you’re ahead of me on the impediment that permitting represents for whatever locale. They’ve got what, 12000 square kilometers of Pilbarra?

Its been odd to see the 2016 Novo story take a back seat to Quinten Henning’s becoming jr. mining’s hottest hired gun. I didn’t invest in any of those companies figuring lightning doesn’t strike twice. Turns out it can strike three or four times.

And John Kaiser…back with something relevant about Novo to discuss? Interesting. I’ll have to get over to the Hedgeless Horseman’s site and get up to speed.

Thanks for the comment.

Hi Thomas – Interesting interview with John Kaiser. I was not aware of the permitting issue which is a concern. I am not a huge Kaiser fan, and tend to believe Quinton will figure out how to mine it. Has the Hedgeless Horseman made any comments about the permitting issues?

Thomas: You are correct – Kaiser’s view of Novo has “evolved” over the last few years and today it isn’t positive at all.

Charles: Kaiser implied that the permit was tied up in a regulatory mess and that Aussie Regulators were literally saying you can only use picks and shovels in the area. Now that is stunning! I really wish that Quiton would lay out on the table what is happening re: the permit. Until then he risks loosing credibility.

I agree Mike. It is not a good look that this has not been discussed by Quinton. Maybe Cory and Shad can bring Quinton on and discuss these permitting issues and get his take.

Hey guys good discussion on Novo. We’ve been trying to get a Q&A set up with Quinton to address some of these questions/concerns, and I believe we make that happen in the next week, so stay tuned.

Ex: Getting Quinton on the show would be great. I’d really like some clarity on the whole permit issue. Perhaps most importantly I’d like a read on the reason behind these rules and regulations and if they are a show stopper for the project. If they are a show stopper then where does Novo go from here?

History tells us that revolution of a Democratic country ends in totalitarianism…It would be better to enforce the law while we still have them. There seems great reluctance to act against people criminally which only tells us corruption is widespread. I believe the Judges and Prosecutors are out there. It is the elected and appointed officials that are blocking. Although slow to do so, the States could share jurisdiction in a lot of the Federal issues because as long as someone is doing business in your state, there is joint jurisdiction. The State officials lack courage also or condone the criminality.
Bottomline: the law is there and undermining it will in effect end any protections the people have. We are getting very far down the road of losing everything which is basically the protection of the Constitution. This is not political as it impacts daily market action when they are all intervened in. It is a physical reality.

Laws are there……… sure are……… but the DOJ, Supreme Court is SHORT OF A FEW GOOD MEN…….’
and CONGRESS….. is fully perverted……… as I said……. find 10 good men , I doubt you can….