Shareholder Group, page-283

There may well be high grade conglomerate horizons to be discovered - but it would not matter if Novo had a billion dollars in the kitty the worlds most brilliant geologist will never find a single ounce -he is completely out of his depth. After 2.5 years not one trial mining initiative -you can dream all you like but until the conglomerates are trial mined with commercial scale gravity plants nothing -absolutely nothing in terms of resource definition will occur with small unrepresentative bulk samples -for which Novo shareholders never ever received the results for most of the samples despatched to SGS. Blab -blab for almost a year and still no mining lease applications -excuses -excuses -promises -promises never kept and still not one single ounce of gold discovered not already delineated by prospectors with metal detectors and not one single regional exploration report over 12000 sq km of tenement holdings. The conglomerate gold story is as dead as a dead dingoes donga.