Companies with a large landholding in the Pilbara craton like Novo are best placed like you say, as well as Haoma around marble bar. If you think that the gold formed where it has been discovered rather than being transported over time from source then be more selective and invest in companies who have found significant gold nuggets in patches like Novo's purdy reward, De Grey's louden patch, and now Kalamazoo's DOM Hill singer prospect north of marble bar. At the end of the day they will only find out once they've drilled the tenements, it's great that De Grey have already proven 1.2m oz and Calidus 400k oz as it supports this latest interest in gold in the Pilbara that it's not just about alluvial gold nuggets but finding multi million ounce deposits. Kalamazoo's marble bar project tenements are just north of the Calidus/Novo project so also well located, will be interesting to see what they come up with!
KZR Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
