Mineralisation report from novo, page-106

While its just about over for Novo and ARV's conglomerate, there are two reasons why it isnt necessarily over for all the other players-

1) KAI and DEG (and perhaps others) appear to have significant amounts of thin layered conglomerate. This MAY mean they dont have the same problem that makes Purdys/Comet unviable.....scattered layers of widely dispersed rich pockets of nuggets in a quite thick layer of conglomerate resulting in very low head grade for mining.
2) These companies have demontrated at least industry standards of competence and governance, unlike Novo which not only has a long history of making basic mistakes and appears to be almost totally incompetent, but is also able to get away with withholding critically important results and using party tricks to create a favourable impression.

But these companies will have to do it all by themselves, without the benefit of virtualy unlimited funding, and with little they can take from Novos bumbling work to assist them.

ARV at least got a dividend from its conglomerate when it sold its Novo shares. Noone else can make a similar claim.