Ann: AGM Presentation - 1.2Moz Gold Resources and growing, page-99

Great post and great pickup LibertyS, thanks.

Reading the full statement (by Tony Makuch, the CEO of Kirkland Lake) I get the impression that when he says "and be owner-operator of the project" he is referring to Novo.

That might disappoint QH, and the knowledge that that is his fate might have led to his ill-advised statements which have been discussed on the parallel thread here.

Lets not weep crocodile tears for QH, he will be very well looked after and will end up with more golden eggs in his lap than any man really needs.

I am a wee bit cranky about the way things are panning out over on ARV, I think ARV and Novo will be circling each other like a cobra and a racoon - with death of the other on their minds.
I recall when Tony Rovio's AZS spent $2mill on a JV buy-in at Alacran, he discovered and fully drilled out a complete 140 moz silver resource and a worthwhile gold resource nearby, and hit 3% copper at the bottom of a hole and drilled extensively into three other Cu Au prospects.
Meanwhile at Purdy's Novo has dug a few pits, and drilled (about ?) 60 DD holes without assays, and stuffed about with an idiotic scheme to raise gold nuggets with air in large diameter RC drilling.
In DL's boots, I would be fuming, but disappointed might be a better word. I believe it is more than likely that the cobra and the racoon will not be able to get into bed with each other and agree with each other the program going forward with guarantees at Purdy's.

With ARV intent on a guaranteed program and results and Novo intent on further weakening of the Wit2 juniors and with KLA probably the winner either way I am hoping the next car in the pits can get out there and take the lead in this race.

That car is DEG, and they will need a big Aussie backer - A JV with a big Pilbera iron miner (who could easily have Wit congol gold deep under their iron) would start a hell of a scramble for position.

That would be great for our wealth.