RE:RE:RE:RE:RE:RE:RE:RE:Potential growth in 2023Agreed, that Makuch has made first class decisions regarding Detour and the Macassa shaft (Makuch experience in building of the Lake Shore gold shaft gave him confidence at Macassa).
In contrast to Makuch, Sprott is a mining visionary and his influence to take the largest stake in Novo may prove to have been inspirational for KL.
It is clear that KL is currently, and rightly, seeking short term paths to production growth, within 18 months, Novo may become the “go to” gold producer, for the following reason:-
- The CEO, Rob Humphryson, has suggested that whilst Fosterville has become synonymous as a premier high grade low cost gold mine, Novo is on track to become the HIGHEST MARGIN gold producer. The rationale being that Novo is focussed on the technology to economically extract gold nuggets from <2m surface gravel and conglomerate gold, where capital and extraction costs are minimal.