I made mention a couple of weeks back in my last piece about Novo of a European who has done a lot of research into the geology of the Pilbara and come up with some interesting conclusions.
When I first visited Novo’s Karratha projects, I wanted to have some idea of the lateral extent of the strike. HHorseman, a poster on CEO.ca came to the same conclusion. He went back through historical records and showed that miners a hundred years ago were mining the basalts and conglomerates hundreds of kilometers away.
Gold in the Karratha gold fields has been mined for 129 years and they knew about gold in the conglomerates. It took Quinton Hennigh to realize the potential and it took HHorseman to start measuring the potential scientifically across the basin. Quinton just guessed where it might extend and realized he needed to spend his time pegging ground, not going over old reports. HHorseman charged $25 for his first report. I think it was worth every penny.
HHorseman has done yet another report. It’s 63 pages and far better than any of the self-serving blather coming from John Kaiser and Alan Barry. He was kind enough to send me a copy so I could read it for free. I believe if you are a serious investor in any or all of the Pilbara Sisters you should spring for the $99 he wants for the report.
HHorseman is not an experienced webmaster and his way of getting you to pay for the report is kind of clunky. You have to go to the top right of the page and click on PayPal to make your donation. He will then send you a link to the piece. Remember to give him your email address.
I do not agree with 100% of what he says but then it’s not my report, it’s his. He has done far more work of higher quality than any of the other “experts” posting on any of the chat boards rambling on about their pet theories on Novo. It’s good data and he has some interesting conclusions.