Ann: Toweranna drilling expands high-grade gold footprint, page-86

This, from TxRogers on stockhouse--he, I think, is the most respected voice on stockhouse re Novo and has such an uncanny ability to accurately forecast what will happen that many suspect he's an insider, though he denies it--recounts recent NRs and their import, and makes a few predictions. Well worth reading for Novo fans, and has obvious parallels for De Grey's conglomerates (Hennigh has said he believes that De Grey's conglomerates are similar to Novo's). Given that our current share price doesn't even fully capture our structural gold, IMO, imagine what the conglomerates might imply, if this analysis is accurate:


http://www.stockhouse.com/companies...-resources-corp-common-shares?postid=28270236

Here is a key passage (assumes continuity across 7.5 km strike, which has not yet been confirmed, at Comet Well):

"So whatever average grade you want to choose to assign would follow an equation as such for the volume of rock above:
(7,500m X 2,000m X 3m) * (2.6 tonne/m3) * grade in g/tonne / 31.1 Troy Oz conversion
= Total ounces

Examples of results would range as follows:

• Average grade of 10 g/tonne = estimated resource of 37,620,580 ounces.
• Average grade of 7 g/tonne = estimated resource of 26,334,406 ounces.
• Average grade of 5 g/tonne = estimated resource of 18,810,290 ounces.
• Average grade of 2 g/tonne = estimated resource of 7,524,116 ounces.
• Average grade of 1.5 g/tonne = estimated resource of 5,643,087 ounces.

A stark reality becomes apparent if this volume of rock is mineralized even with average gold grades near surface. Especially if it can be extracted for a few hundred dollars per ounce: The reality being that NVO potentially has a staggering valuation on its hands just on CW alone, which is not captured in its current market cap. For example, at a mere 2 g/tonne grade the ROI on the gold resource could be upwards of $7 billion."