Novo Resources: The Greatest Gold Discovery Since 1886?

Brent Cook, John Kaiser and Michael Oliver return as guests on this week’s program.

Novo Resources, a sponsor to this show, has seen its shares rise from C$0.83 on July 10 to C$8.51 on Oct. 3. Visual reports and early sampling have revealed a rich field of near surface gold nuggets in northwestern Australia that reportedly appears over an 8 km distance and may extend many kilometers down dip. In quest of the next Witwatersrand gold deposit from which over 35% of the world’s gold has been mined, Novo’s Dr. Hennigh’s geological theories led him to this discovery. But has Hennigh actually discovered Witwatersrand 2.0? If so, is a current market cap of around $750 million justified?

Both Cook, an astute geologist, and Kaiser, an experienced analyst with a focus on out-of-the-box geological theories, visited this exciting new discovery. They will provide independent views on those questions and more. As usual, Oliver will provide his latest data-driven thoughts on gold and other markets of major concern. 

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Brent Cook, a renowned Exploration Analyst and Geologist, is the author of Exploration Insights, a mining and exploration investment letter (www.explorationinsights.com). He has over twenty-five years of experience providing economic and geologic evaluations to major mining companies, resource funds and investors. He has worked in over 50 countries on virtually every mineral deposit type ranging from grassroots projects through feasibility studies and bank audits. He was the principal Mining and Exploration Analyst to Global Resource Investments through 2003 where he provided analysis to retail brokers and two in-house funds. His newsletter selectively covers junior mining and exploration investment opportunities.

John Kaiser is an independent analyst based in the San Francisco area who has covered the junior resource sector since 1983. He graduated from the University of British Columbia, Vancouver in 1982. After a decade working as a research director in Vancouver he left the brokerage industry in 1994 to launch Kaiser Research Online and create the “rational speculation model” as a tool to evaluate the speculative value of exploration projects. Kaiser Research Online is a subscription service that publishes his analysis, provides searchable information on over 1700 Canadian listed junior mining and exploration companies, and tracks trends within the junior sector and their relationship to macro trends.

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