By that logic, Novo has all the good areas already anyway...

By that logic, Novo has all the good areas already anyway (compare to Goldinvestor's map here: https://hotcopper.com.au/threads/pilbara-mania-wits-2-gold-rush.3720201/page-2#post-27748134 ) so we should all be on the OTC buying NVO shares off the TSX:V or giving up.

"So the gold has to be sourced from the subjacent Warrawoona and maybe Apex Basalt / Euro Basalt"

Seems like that's the logic. And did not Calidus Resources announce 400K Oz recently in the Warrawoona 15km SE of Marble Bar which would put it upstream of NVO's tenure? I guess you should tell Calidus it's wasting its time too. Or DEG for its 1.1M Oz.

Chasing the alluvials to the source, oldest trick in the book.