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Originally posted by Questioning
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It is great to see a detachment of ARV from Novo the other day in trading in the US and lots of people here have to pull their heads in. #1 We have gold grades of about 1 ounce pt on such a small sample of the Purdy tenement. #2 The area just on the Purdy tenement contains 10’s of millions of tonnes of ore. #3 This is such early stages and lots of Novo people jumped off the ship when they did not get a dream announcement concluding it was all 67gpt all over. This is just a market reaction. The market is an emotional thing to some and often the market behaves in the way that they have been educated. I’m not seeing much education happening here with regard to statements by Novo. If Fine gold was found in the first bulk sample they will find the same in many others. So the facts currently are, there is an estimate of nearly 1 ounce per tonne (average) on 5 samples taken that were only 1.7 tonnes on Millions of tonnes of material to be examined. Such early days and no need for any panic. I think QH should explain himself properly rather than give inconclusive announcements. I will give him the benefit of the doubt here but again I must say, who put a Pie in the sky guy in charge of PR and NR? It could have been done better and factual rather than ambiguous. We only want facts as investors.
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Yeh well said mate and yes we are all questioning ....so welcome I think.
