The next six to 12 months are critical for the Pilbara gold...

The next six to 12 months are critical for the Pilbara gold hunt. It is a search attracting speculators from around the world. That’s thanks largely to Novo’s video, which is certainly not guaranteed to lead to a major mine development. Here’s what we know so far:
• There is nothing new about gold nuggets being collected by prospectors in the Pilbara. It’s been happening there for more than 100 years.
• The genesis of the nuggets being “harvested” by Novo has not been established, and proving how they came to be in the conglomerate is crucial to knowing whether they will be found in other parts of the Pilbara.
• Canadian explorers have a reputation for extreme optimism that sometimes proves correct (such as the redevelopment of Fosterville), but can also prove misplaced.
For speculators, the Pilbara nugget game is fabulous fun. For investors with a low tolerance for risk, it might be best to enjoy the exploration from a safe distance.