Well Positioned

Pilbara. About 3 billion years ago or less the Earth in a further reconstruction era after it's initial creation forming a stable platform of layers of terrestrial sedimentary and volcanic rocks across the continents of South Africa and Australia. And simply put the Vaalbara continent broke up separating the Kapvaal craton from the the Pilbara craton.

Again simply put, from a gold investment position this has created two gold scenario position shifts in the Earths crust for change of face in South Africa (Witwatersrand Basin) and Australia (Hammers Basin – Pilbara craton)

So we have South Africa and Australia's conglomerate gold position together with conventional gold formations also from a major crust move to our advantage. A gift.

In South Africa approximately a third of all the gold produced on Earth has been mined from the conglomerate reefs of the Witwatersrand Basin of South Africa thought to be distributed by ancient streams and and oceans...Now it's our turn.

Now the bright boys of Gold around the globe worked out that Australia is virtually untouched in a conglomerate sense and being once part of the South African gold system has enormous untouched conglomerate gold catchments under the above and beneath the Pilbara surfaces. Mark Creasy of course is always the first cab off the rank and has secured tenements in the Hamersley Basin including the Beatons Creek and Marbles Bar areas knowing that conglomerate gold is prominent there and Nova's geologists ascertained they are the same as mined in the vast conglomerate reefs of the Witwatersrand Basin of South Africa. It is being located in multiple places in the area now.

Pioneer Resources' David Crook and his board did the research on the the Pilbaras early and our leader duly bought Kangan/Egina Pilbara tenements with exploration licences covering 268 km2 and soon entered into a J/V agreement with Novo Resources to engage in the exploration model as proposed by President Dr Quinton Hennigh.

Of course now there has been a large financial positioning again with our latest announcement in precis form:
“Novo Resources Corp.has announced that it has entered into a US$30 million farm-in and joint venture agreement with Sumitomo Corporation of Tokyo, Japan, and its wholly-owned Australian subsidiary (together, “Sumitomo” in order to advance Novo’s Egina project located approximately 80 km south-southwest of Port Hedland, WA...”

-The Egina Project includes Pioneer’s Kangan Gold Project, where Novo is currently earning an interest under a binding memorandum of agreement (“Kangan Farmin & JV”. This agreement has now been replaced with a new agreement on essentially the same terms to allow Sumitomo to become a party to it.

• Pioneer retains its 30% free-carried interest in the Kangan Project up to a decision to mine. In our God's Little Acre (268 km2), Nova 30%, Sumitomo 40% and Pioneer 30%. Think clearly about this.

Okay here we are. We are joint ventured with farm in with these two major parties with our 268 km2 Kangin/Egina project where we have up to 12 gold prospects pinpointed on our mapping and the Nova Egina Project has been described by Dr. Quinton Hennigh, Chairman and President of Novo Resources Corp as an early-stage, high-potential gold project with the now addition of entering into a US$30 million farm-in and joint venture agreement with Sumitomo Corporation of Tokyo, Japan. Because of the way we were initially structured with Nova we are still free carried to a 30% holding up to a decision to mine by the major parties. All we have to do is wait for the successful moves to take place and what then will happen?. We are the fly in the ointment now and someone will see the need to buy us out as things progress without a doubt.

It also means that we have a probable very valuable asset while other things are going on elsewhere and in our mining endeavours. A reason why this share price is hopelessly undervalued is that we are lacking level headed holders to cool their heels and realise what they have combined with a bit of patience. It should be clear to a few now but annoying with constant over-reactions.

If all you want is a few pips then you will soon get your chance then maybe leave it to the rest of us who are keen to follow it through. Please.

DYOR