Has Novo Resources Made the Gold Discovery of the Century?

Robert Moriarty, Dr. Quinton Hennigh and Michael Oliver return as guests on the next episode of the radio program.

The excitement has died down over the discovery of a field of gold nuggets near Karratha in Western Australia. We now know that gold-hosted conglomerate beds extend for many hundreds of square kilometers in Western Australia. But can this most unusual gold deposit be mined profitably? If so investors would do well to pay attention as Dr. Hennigh and his team apply new technologies to make it happen. Quinton updates us on the latest progress toward commercializing this enormous but one of a kind gold deposit.

Robert who has visited Novo’s gold project, shares his ideas about its prospects as well as some other gold exploration projects he is bullish on. Michael provides his usually accurate assessment of the stock, bond, currency, commodities and precious metals markets and where they are headed.

Audio
You Tube

Robert Moriarty was born in New York in 1946. He began training as a military pilot in 1965 and became the youngest Naval Aviator during the Vietnam War in 1966. With two years in Vietnam and some 832 missions in combat, he left the Marine Corps in 1970. He worked in computers for a few years before beginning a 2nd career as a ferry pilot delivering small airplanes all over the world. He made over 240 ocean crossings mostly in single engine airplanes. He holds 14 international aviation records. Bob and Barb Moriarty brought 321gold.com to the Internet in 2012. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors.

Dr. Quinton Hennigh is an economic geologist with 25 years of exploration experience, mainly gold related.  Early in his career, he explored for major mining firms including Homestake Mining Company, Newcrest Mining Ltd and Newmont Mining Corporation.  Dr. Hennigh joined the junior mining sector in 2007 and has been involved with a number of Canadian listed gold companies including Gold Canyon Resources where he led exploration at the Springpole alkaline gold project near Red Lake Ontario, a 5 million ounce gold asset that was recently sold.  In 2010, Dr. Hennigh helped start Novo Resources and began assembling its Australian exploration portfolio. Dr. Hennigh obtained a Ph.D. in Geology/Geochemistry from the Colorado School of Mines.  Currently is also a Director for Miramont Resources and Irving Resources.

Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton’s International Commodity Division, NYC. He studied under David Johnson, head of Hutton’s Commodity Division and Chairman of the COMEX.

In the 1980’s Oliver began to develop his own momentum-based method of technical analysis. In 1987 Oliver, along with his futures client accounts (Oliver had trading POA) technically anticipated and captured the Crash. Oliver began to realize that his emergent momentum-structural-based tools should be further developed into a full analytic methodology.

In 1992 he was asked by the Financial VP and head of Wachovia Bank’s Trust Department to provide soft dollar research to Wachovia. Within a year Oliver shifted from brokerage to full-time technical research. MSA has provided its proprietary technical research services to financial and asset management clients continually since 1992. Oliver is the author of The New Libertarianism: Anarcho-Capitalism.