To me, you raise an instrumental point in how this will play...

To me, you raise an instrumental point in how this will play out, next. JORC has evolved for conventional deposits and my belief is that once the general geological conditions are identified (and proven inadequacies of Jorc) there will be a land rush on for similar tenements. Right now, everyone seems to focused on a bulk samples - some from here, some from there. If the theory holds true, this thinking quickly looks a lot like "not seeing the forest for the trees". That's why I think the H.H. type of higher level view is so important, at least initially .

With Novo/Artemis holding such large swaths of land and comparatively overvalued compared to almost all the other Aussie juniors, it's not hard to see the gap close quickly.

Many on the Novo board think KL will take them over but I believe, their investment was a longer term holding to help prevent an unwanted take-over or help extract a better price for their 14 M common & 14 M warrants. The DEG investment gives KL a head start with at least 1 Pilbara junior in any land rush. Assuming KL exercised all their current NOVO and DEG warrants, total invested would be 140 Mil vs 11.6 Mil. KL would own about 15% of each company, fully diluted.

For bigger companies looking for low risk entry, where do you place your bets at this stage?