| From: Valuepro | 10/22/2021 11:07:33 AM | | | | | | More to Novo -
Novo has amassed a tenement package in the Pilbara that combines for a whopping 13,250 square kilometres. More than 20 drill targets within trucking distance of Golden Eagle have been identified at the tenure.
The company recently approved an expanded exploration budget that will see a serious 25,000m of drilling test high-priority and near-mine gold targets by year’s end. The drill program is looking to unearth more ore for the Golden Eagle mill.
Interestingly, Novo is utilising an exciting new way to assay its drill samples where a purpose built “Chrysos PhotonAssay” machine from Intertek is used to deliver assay results within just days rather than weeks.
The new system essentially “radiates” the sample to produce a grade and is considerably less time consuming than the cumbersome fire assay type system.
thewest.com.au
The above excludes mention of other holdings elsewhere in Australia and part of a new company that is pioneering 3-D printing of high-tech specially metals products, mostly for the aerospace industry. They also own 10+ percent of New Found Gold. |
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| To: Valuepro who wrote (291580) | 10/22/2021 3:30:01 PM | | From: Pianoman1997 | | | | Go from 120B per month QE and reduce this to zero by June 2022? Unreal plan. I say that when I look at the QE curve over the last 15 years.
Powell is messing with the market to gain sufficient traction on USD. That reminds me of the ''Transitory inflation'' comment. He knew very well that it wasn't transitory.
He's got a job to do and I would not like to be in his shoes. |
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| To: Pianoman1997 who wrote (291581) | 10/22/2021 4:45:58 PM | | From: Valuepro | | | | Right. And the Feds responsibilities are to their member banks, not to those who are forced to use their fiat money and fractional reserve paper.
Formerly, their strongest enemy (or competitive factor) was the Savings and Loan (S&L) industry. With the help of their friends at the Financial Accounting Standards Board (FASB), they crushed S&Ls, taking over many of them during the "S&L Crisis" which began in the late '80s. This was done by changing S&L accounting rules that bankrupted many and caused others to sell their assets (or become banks).
Much later, FASB (for whatever reason) applied the same accounting standards to the banks. The result was the Financial Crisis of 2008 and the collapse of Lehman Brothers, as well as the demise of many smaller member banks of the Fed. Thereafter, brokerage firms were prohibited from engaging in banking, a change that seriously impacted sources of money for mining, particularly for explorers.
But guess what? After some months of damages to all sectors of the US and global economy, FASB reversed themselves leaving the largest Fed member banks stronger than ever, and with even more control over the US financial system. Was this all toward socializing the financial system?
But what about state chartered banks, community banks and credit unions, you may ask? Yes, that is an interesting question. They could be someone's next target for elimination. |
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