Yes results merely show presence of gold. But identification of...

Yes results merely show presence of gold. But identification of new targets is positive.

Guessing a limited conglomerate exploration programme might go ahead before summer honing in on targets, but like DEG, no serious work this year on conglomerate. Any serious work must necessarily mean that not all results will be spectactular by definition, and anything not spectacular is severely punished .....a la Novo.

The market still has ABSOLUTELY NFI....as illustrated by most of the posts on Canadian forums and the "wisdom" of the blatant rampers on conglomerate Hotcopper forums......and then Novos inflated SP fueling expectations nowhere near likely to be realised..at least not in the short- medium term.

Noone can explore in these circumstances. Novo is at least able to get away with cherry picking results for publication but Australian companies dont have the cash to have a large enough programme to hide results....and it may be that ASX reporting requirements are stricter.

So i guess its hold on for perhaps years if your in this only for the conglomerate. Novo might eventually do enough work to convince some of the majors to become involved...at present Spott is the only one prepared to take a "leap of faith" and support exploration.