RE:RE:RE:RE:RE:HelloWell, it was almost three years ago that Novo announced the first bulk sample results at Purdy's Reward. Over two ounces per ton. The Swede on ceo started publishing spreadsheets that included calculations for 15 meter thick conglomerates containing up to two ounces of gold over 1 to 500 square kilometers. Billions and billions of ounces. Eric Sprott gave a speach talking about billions of ounces. Talking heads were saying it was the second Wits. This went on for several months including the Denver video of finding nuggets at night in the Pillbarrrra.
The rubes went nuts and drove the stock price to $8 plus. Amongst the rubes were none other than Eric Sprott and Kirkland Lake. What saps. I can still remember the tone of Sprott's voice 6 months later on his weekly podcast talking about the first bulk sample results at Comet Well. 2 to 3 grams per ton instead of the expected ounces per ton. Eric was obviously in shock.
Oh well, Eric did get the honor of being on the Novo Board of Directors and getting options at $7.75 a share. What a deal.
Novo's work in 2017 was masterful. Fully funded for three years of Hennigh pursuing his dreams of Wits 2.0. Works for him but not many others. Three years later with the share price well below half of the all time high and no plans for production anywhere but Beaton's Creek. Which may or may not happen in the next few years, and by the way, was supposedly close three years ago. This is like watching grass grow. Any speck of green is treated like it's the second coming. It is fascinating to watch the ups and downs though. Feel sorry for those who bought in near the high but I don't suppose there's many of those left that haven't sold for what they could get, oh, except for Sprott and Kirkland Lake.