The Financial Post reports in its Saturday, Oct. 14, edition that Novo Resources ($7.65) is up a whopping 870 per cent this year, on the back of gold nuggets found in July, and investors following Eric Sprott (who owns 9 per cent of the company) and Kirkland Lake (which owns 18 per cent). The Post's Peter Hodson writes that Novo's geologists believe its land is a "sibling" of the big South Africa Witwatersrand deposit, and drifted to Australia with continental drift. Despite being very early in its development and geological resource, the company's market capitalization is now $1.1-billion. For it to keep going, Mr. Hodson says much depends on drill results. However, Mr. Hodson says if the company can show there is more gold present, he will bet that investors will fall all over themselves to buy into this story. If not, well, then it will be just another geological flameout. Mr. Hodson says the risks are high here, it should not be entered into by the faint of heart.