On September 19, 2018 at 2:02 pm,
Robert Moriarty says:
Kaiser barely has a clue as to what Novo is up to. I think he’s bent out of shape because Quinton forgot to send him a Xmas card. I’ve got some bad news for John. Quinton didn’t forget.
To suggest that “Novo certainly seems like it’s all over and done with” is proof of how far Kaiser is outside the loop. Quinton Hennigh is one of the brightest two or three guys I know in the industry. The suggestion that he doesn’t know what he is doing or would hide poor assay results is nothing short of absurd. Not quite as absurd as Kaiser mumbling about 20 billion ounces of gold in the Pilbara as he said a year ago but pretty close.
I saw historical documents a year ago talking about placer gold in Egina. The gold is on a native reserve and even getting permission to enter is difficult. DeGrey, Novo and Pacton all have prospective ground there for placer. That would be far cheaper to process and permitting would go quicker.
All three companies have to come to some sort of arrangement with the locals but Novo;s experience is that they are professional and reasonable. Quinton knows where the gold is, what the grade is and has people experienced in placer production.
Novo has a lot of gold near surface at Beaton’s Creek and one day Millennium will realize they have millions of ounces that won’t work in their mill but Novo has high grade oxide gold that would work. Millennium would need $50 million to upgrade and they don’t have it and probably can’t get it.
SGS is 100% responsible for the delay in samples being announced. It’s not a Novo issue and the company is moving ahead in ways Kaiser doesn’t know anything about and I doubt ever will.
I was writing about Novo six years ago. Jay Taylor has been writing about it for five years. For Kaiser to come along a year ago and pretend he invented gold in the Pilbara is little more than a demonstration of how he needs subscribers. He was saying idiotic things a year ago and hasn’t changed a bit. He’s just lurched to the other end of the spectrum.
Novo is a lot cheaper than it was in November but the high in November will be broken one day soon.
(20min delay)
