$PACXF / $PAC.V Western Australia has been getting quite a bit of attention in the past 18 months as a company called Novo Resources (NVO.V) claimed the region could host a new ‘Witwatersrand gold basin’ as the sedimentary and volcanic rocks appear to be the same age as the Witwatersrand reefs in South Africa. All you need is a hype and a strong desire to make a discovery, and Novo’s market capitalization increased from less than C$100M to in excess of a Billion.

https://www.caesarsreport.com/reports/report-...resources/