A conversation with QH Good evening Quinton,
I watched a video today of Tavi explaining how Crescat goes about choosing which companies to invest in. He talked about management , jurisdiction, etc. but he said the number one criteria is optionality. I took it to mean, if Plan A isn't working, Plan B can be implemented.
It would seem to me that Novo is chock full of optionality and choosing which road(s) to go down is a full time job.
It seems to me that when you (and the board decided) to pause the mill because it was uneconomical and the timeline on permitting and Heritage agreements was unknown, Plan B was geared up to double down on exploration.
Here's my question. I know you're not an investment advisor, but do you think there are enough other exploration targets to move the share price? I'm sure a De Grey style discovery would do it, but are there enough other targets that you think investors would sit up and take notice of?
I'm not sure if I've explained this clearly enough, but I think you get the gist of it.
QH: "He does indeed mean just that. Big land positions with multiple big targets and smart teams to do the work. They see this in Novo.
To answer your question, absolutely. We have many targets, hence our focus on keeping exploration on track.
It looks like the Aussies are finally going to let me in. I will be there in August and will be able to see many things first hand."