I follow any information I can find on Novo and what’s happening in the Pilbara. The Novo share price has gone from (Canadian $) $0.20 to $6.50 to $1.80 to $3.50 etc. International investors are still struggling with the Novo story. Novo will probably get Beatons Creek under production soon, but the key for ESS is the market believing in the potential of the lag gravels. If the market doesn’t believe in Novo they won’t believe in ESS. I think ultimately the Pilbara will (indigenous and environmental approvals granted) turn into a similar extraction like the diamonds in gravels in South Africa.
