Okay mate- Fortunately I did very well out of Artemis -so not one of your 'burnt' friends. I bought all the way up to about 16c and sold at a significantly higher average price from about 43 c down. It was crystal clear from the outset -and nothing has changed -that trenching did not replicate gold mineralisation away from the discovery areas -the dogs were barking in London its a dud and when ARV sold their Novo stock that was the trigger to leave the party. But I do feel for those who held - I have a few like that -most people do in this market -none of us are that astute.
In terms of iron ore the commodity is going ballistic but yet to translate into price appreciation in terms of the juniors - hard to do deals -but I expect that will change. Artemis have some very good magnetite but the jury is still out on magnetite -if Iron Bridge is a success then magnetite so close to port would be a very attractive proposition along with Oscar Resources and their significant adjoining magnetite resource.
I don't hold DEG - but like you very happy with EAR and now punting SPX .
In conclusion if Novo can prove economic tonnages and grades in the lag gravels I will be the first to congratulate the company. Despite there being gold widely distributed throughout the Pilbara in all sorts of formations I have yet to see any evidence of mineable grades. But hope springs eternal -
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