NOVO Corporate Update, page-54

First 54 Last

Share
Profile

Follow
AlexanderJ

4,002 Posts.

1311

18/10/18

06:48

Post #: 36165723
Share

Originally posted by Hotrock1 ↑

To nobody in particular on this thread,

We invested into ARV, after we missed Fox Resources divestment opportunity over a year ago ..ARV won the day. It was all pre QH and Novo coming onto the scene and post the consolidation.

We invested in the multi element opportunity which we assessed at the time was integral to the technology metals .. everything other than Lithium. Think of Copper and Cobalt, the Gold was a bonus.

DL did a great job, no matter how he did it as far as I am concerned, to put circa $20M into the ARV coffers with a sale to Kirkland of its Novo shares earlier this year. The funds enable the RH plant to be fully refurbed and set to process ore from the RH environs as well as the Carlow Castle ground shortly there after .

The SP skyrocketed on the original QH Wits 2 theories, as did the whole of the Pilbara potential conglom gold player. Sure there may a amount of massive gold nuggets to be found in the right parts of the Pilbara, but the fact remains Carlow Castle now has proven high grade gold intersections and more importantly the high Grade Cobalt and Copper comprising approximately 10% of the strike length that has been drill tested.

Bulk costean sampling may well be a big problem for the parties concerned .. I noticed 3 different Labs did the analysis .. Nagrom, Intertek and ALS labs .. that poses a problem in terms of standards/duplicates and use of Blanks as far as I am concerned. We use ALS Labs as our preferred Labs in our work .. at least we know how their assays are performed. You cant do those standards on bulk trench samples.
Bulk sampling is never a fine art in my book .. far too many variables to consider, especially when it comes to thin, horizontal high grade gold layers.

Bottom line is that there is a real and upgraded, multi metallic resource at Carlow Castle that can be processed at RH and sold for a pretty penny .. is there anything wrong with that?

That CC resource contains all the EV battery elements plus gold as a bonus. You have Copper, Cobalt plus other metal esoterica. It's a company maker in it's own right. There are many other parts to the ARV tenements not involving gold as the main focus.

Do the other Pilbara gold rush players, such as DEG have Copper and Cobalt and NOVO have Copper and Cobalt as a fall back scenario ...... who has in the latest Pilbara Gold rush? Atlas iron may have some Lithium but not Copper .. the ARV sulphide ground is certainly out of the box .. very close to Port and its own processing plant .. the next step is to create their own electro-winning plant on site at Radio hill, maybe even their own oxide heap leach operation, then, it anything is possible. I think they have the balls and backing to do it!

Borrowing a slogan from a famous sports footwear company .. JUST DO IT!

There is a lot of Gold in non gold deposits. .. a lot more than meets the eye.

Cheers

HR .. just my biased views a holder and an industry player, but not in WA

Just my views .. don't like it , ignore it.

Expand

EXACTLY! Well said Hotrock!

ARV Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

FFM

Firefly positioned for copper growth in Canada ahead of resource update

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

CC9

Chariot Corp unveils plans for Black Mountain "pilot mine" in Wyoming, US; shares jump +20%

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

There are more pages in this discussion • 2 more messages in this thread...

First 54 Last

Add ARV (ASX) to my watchlist

(20min delay)
Last 1.2¢		Change 0.001(9.09%)		Mkt cap ! $23.00M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.1¢	$31.54K	2.851M

Buyers (Bids)

No.	Vol.	Price($)
2	87457	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	1948627	1

View Market Depth

No.	Vol.	Price($)
2	87457	0.011
14	2523409	0.010
5	3095554	0.009
7	5226375	0.008
3	347857	0.007

Price($)	Vol.	No.
0.012	1948627	1
0.013	699083	3
0.014	2704107	8
0.015	1078621	3
0.016	704614	4

Last trade - 15.59pm 03/10/2024 (20 minute delay)

ARV (ASX) Chart

NOVO Corporate Update, page-54

Firefly positioned for copper growth in Canada ahead of resource update

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Chariot Corp unveils plans for Black Mountain "pilot mine" in Wyoming, US; shares jump +20%

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

NOVO Corporate Update, page-54

Top Stories

Firefly positioned for copper growth in Canada ahead of resource update

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Chariot Corp unveils plans for Black Mountain "pilot mine" in Wyoming, US; shares jump +20%

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News