Artemis Resources Ltd ARTTF

RE:Radio Hill

[TXRogers]

Redflame wrote: You've gotta laugh at the posters over on Novo SH board.  They think DL is going to process Purdy's ore for them.   I guess it's hard for them to figure out that DL will get more out of processing 100% owned ore than 50% ore.  DL is sitting back taking it all in while he charts the areas of exposed gold nuggets on his 100% owned property.  DL is starting his own bulk sample trenching program.  Once he has good results, on to his mill with the ore and he could care less about wether or not Novo can come up with a valid resource estimate.  Novo will have to build its own mill which is 5 years away.  Glad I bought Artemis rather than Novo.

Interesting opinion, but I think there are some glaring exclusions to the analysis. Novo does not need to process any ore for revenue. It is cash rich and is basically now an exploration arm of an even richer ES/KL corporate parent. ARV is a dilution machine with nothing but mounting expenses until the later part of next year at a minimum, especially when they have to start sharing the costs of the JV starting next month. And the exploration issues that NVO is currently facing are the exact same that DL faces. In fact, ARV is proceeding along with the RH refurbishment clueless on how much gold reserves it has on its properties so I also question managements prudence. Even their Clown Prince must be having second thoughts before he can proceed with a personal investment (and there has been none to date). But then again as a shareholder in ARV myself, I expect the company to be gone by sometime next year anyways. DL has never run a profitable mining company, and I don't believe he ever will. Tx