The Future, page-23

Relevant news is NOVO abandoning plans to sample via large diameter drills and concentrating instead on a 20,000t bulk sample to establish grade. This I assume means a delay while the ARV Radio Hill plant is upgraded to allow processing of the bulk sample. All Pilbara Wtis 2 players have been sweating on getting results back on Purdy's to underpin the potential of the conglomerate hosted deposits on tenure. With the ASX sitting near recent highs, and the decision is whether to shift funds to other ST opportunities or to hold and weather the dip that the delay will entail. The fundamentals of the good Wits 2 plays (like PIO) have not changed, so I am holding here in anticipation of positive news in the next couple of weeks.

DYOR GLTAH

cheers

BS