rek,

Agreed. I would also rather buy now than wait. The risk/reward ratio is such that I think it's worthwhile to be early than to miss the boat.

Another Mark Creasy's 70/30 JV in Australia, Sirius Resources, went from 5 cents AUD this past July to over $3.00 AUD in recent weeks after they started hitting high grade drill holes over the summer. And it's mainly a nickel deposit and not gold.

When I spoke with Quinton during the break, I pulled out a map of the Witwatersrand gold fields:

http://wwwu.edu.uni-klu.ac.at/mmessner/sites/rsa/wits/witsmap.gif

and asked him whether the areas outside the yellow major gold fields are mineralized, too.

He immediately pointed to the various major gold fields and said from memory this one produced half a billion ounces and that one produces so-and-so many ounces. He then drew me a cross section of the Wits Basin and said the impact event two billion years ago produced a central dome so that while the gold reefs at the major gold fields dip down steeply toward the dome, they actually then bottom out at some point and rise back almost vertically to the surface around the dome (sort of like the Devils Tower in Wyoming, but deep underground).

While he was talking I couldn't helped but wished that the major gold fields he was pointing at were not the that of the Wits but the Hamersley's!

Go Novo!!