"Very few people are equipped to do the out-of-the-box thinking" We have proof now that the conglomerates are gold-bearing west-to-east for 250km, and now also 150km south," Middelkoop told Mining Journal.
"The find by Marindi is so important because it proves the concept … that the conglomerates in the Pilbara will be gold-bearing all the way. Middelkoop said this week's announcement by Marindi Metals on "multiple … gold-bearing conglomerate horizons" and "widespread fine visible gold panned" at Bellary Dome in the Pilbara highlighted the breadth of the emerging opportunity in the region. "We have all the proof now that this is a world class discovery, and the only question is - and I've been saying this for the last six, seven, eight months - is it a big discovery, or is it a huge discovery?" "What surprises me is the scepticism, especially in Australia - you don't believe in it. You have Australian companies with great assets in the Pilbara - Artemis, De Grey, Marindi, Kairos - that don't see any bids, and that's because the Australian retail market, but especially institutional investors, are ignoring this discovery. "We see many North American retail investors who are very interested in the discovery in the Pilbara, but … they can only buy the North American stocks and only have Novo and Pacton. "I'm quite happy because we can buy the shares almost for free.
"And the next big thing brought me 10 years later to Australia because we have an amazing discovery in the Pilbara which is ignored by almost all Australian investors. "Once you've experienced this you'll always be hunting for the next big thing," Middelkoop said. Kinross Gold Corp was later the ‘lucky' C$1.2 billion buyer of Aurelian, but subsequently an unlucky victim of Ecuador politics that forced it out of Fruta del Norte and the country. "Within six weeks drilled this discovery hole of 250m at 8g/t [followed by higher-grade intercepts at similar widths) … and the stock jumped from 30c to $43 in nine months." And this was really beginner's luck I bought 10,000 shares for C30c and at the time I had a newsletter and I tipped our subscribers to buy this small company. "I was an early private investor in Auralian Resources, a small company doing exploration work in Ecuador. "I started with discovery investing, as we call it, in 2003," Middelkoop said.
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