Ann: Quarterly Activities Report, page-18

Indeed, lest we forget the underlying narrative:

But Canadian punters are piling in on the slim chance that Novo’s theory the Pilbara hosts a gold region similar to South Africa’s prolific Witwatersrand will come good

http://www.theaustralian.com.au/bus...e/news-story/048ceaaf22d46ed24985d409461e8683

MOY is right in the thick of it and if it is true then the capital intensity required for us to exploit the resource is considerably less than a pre-explorer who hasn't even drilled anything yet