WisGuy1 wrote: @AUinvestor @lotionboy "Novo is going to find the next fosterville in the Victorian gold belt"
I think so too... OK, I'll expound on that by saying, while most of the mob horde chases "CURRENTLY profitable" companies mining their way to extinction (burning matches as each day they extract the Gold (and Silver) from their mines with no means/ability to explore, they get a little smaller)... thus STALE miners with FALLING revenue growth that are highly recommended (thus highly priced) by various stock picking gurus (just check the numbers).... compared to Novo Resources led by superior management, I see the VAST potential for Novo to be qualitatively superior to the other speculations being promoted...
Why?
1) a company with vast blue sky land packages (~14,000 square kilometers or ~5,400 square miles)... think about that for a minute... go out to the desert and try covering that area for perspective), a company set up potentially for UNLIMITED revenue growth (the market horde is only at the beginning of the beginning of the beginning to price in this potential revenue growth). By the way, revenue growth is the secret to multi-bagger profits... the more significant the revenue growth, the more significantly the share price rises.
2) a company with a developing ability to achieve EXTREMELY HIGH margins to RECYCLE profits into yet MORE REVENUE GROWTH (by all the obvious steps they are/will undertake to accomplish this stated objective).. none of which has been priced in as of yet... the "show me the proof" crowd remains utterly clueless without a paddle upstream "dip sh1t" creek headed for the waterfall of recognition known as "Woulda, Coulda, Shoulda" where they'll eventually be awarded their certificate of distinction for being "Idiot of the Decade" from the School of Hard Knocks on graduation day.
3) It's one thing to make a 30-50 bagger from holding companies that are eventually acquired... it's quite a different thing when a company guided by skillful management avoids this potential acquisition phase and becomes a producer instead by means of a rare "back door" being overlooked by the "experts".
I believe that Quinton Hennigh has been brilliant in navigating this company through perilous waters avoiding many storms along the way. He's been an excellent captain even though there have been many crew aboard "Ships of Fools" that have disparaged him along the way.
Becoming a producer is a long, arduous journey that very few companies succeed. I believe Quinton has found a "back door"... that once the 1st Qtr 2021 arrives, and Novo pours its first bar, people will start to take notice and "discover" that Novo's "virtual cycle" business plan is brilliant, that it will have sustainable income to expand revenue growth by recycling profits into proving up more ounces, more exploration discovery new deposits, expanding production thus its ability to continue expanding its revenue for decades to come.
Some day, the "too smart for their own good" skeptics will wish they had bought at the lows over the past few years. They'll learn the hard way (by chasing price at much higher levels or missing the train completely) that they "woulda, coulda, shoulda" bought when they had the chance, and worse, that such opportunities are very rare.
Don't follow me, as I am fully invested and swinging for the fence with bases loaded (PS, I've hit MANY Grand Slams), and I believe that a Novo "Grand Slam" is in the making despite the INEVITABLE corrections along the way as Gold climbs the "wall of worry". :)