Novo Resources Corp T.NVO

PERFECT TIMING?

[mrbubba]

AS OF THIS MORNING:

The US dollar is in the crapper (USDX is below 90 now, and trending lower). Will it eventually hit about 70, as it has in the past?

Gold is over 1,900/ounce again, and tredning up. TA analysts?

Novo is due to give us news on Egina - or news of a short delay at maybe?.

First day of trading on the TSX.

In a few weeks, Novo will no longer just be an "exploration" stock - it will be a producer, with MULTIPLE future runs up (and down) the famous Lassonde Curve with all its potential properties (Karatha, Egina, BC proximity, etc.) - observation courtesy of a very astute poster this weekend. Somebody will find out about the FIRST dore bar being poured or something concerning head grades - wo watch for sudden, unexplained moves in the share price.

Novo (and other gold stocks) have been beaten down pretty good during this year's tax loss selling.

A probable Biden presidency will eventually prove to be aviation fuel on the fire.

Will this be a memorable week or year for us longs?

I don't know for sure - but if we continue to trade sideways (or even further down) I will defintely look upon it as an opportunity to buy more. Very nice people will respectfully disagree with me, but God be with them.

[MickDyche]

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[mrbubba]

Ummmm ...... ANSWER: I don't think one can apply a cookie cutter to EVERY such situation, but if one is reasonably sane and prudent, especially in a case like this where the "story" is underappreciated (i.e. dealing with a coglomerate-type deposit), he can potentially make a LOT of money with multiple runs up and down the curve. Despite all the good news here for Novo, if you want

[MickDyche]

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[mrbubba]

Sorry for flying off the handle - if a company proceeds to "production", as you said, I'm just assuming they will be profitable. And, I'm saying with all the other properties we have we could be due for multiple runs up/down the notorious Lassonde Curve. Really, I'm sorry - I guess I've been expecting the naysaysers to come out of their holes .....

[TXRogers]

The title of this thread is very important. It's the timing that's most critical.  The rising tide . Because the Lassonde Curves only pertain to the profitable survivors.  And they are a minority. They are timed events. Novo made sure that they moved so that that the wind was at their back.  The timing being the most critical component of an epic journey. The mill

[JimNabors]

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[TXRogers]

  There is no "if not" scenario. If the mill was not purchased , we may have lost the opportunity to confirm the economics in time. That's the albatross that has been landed. The mill purchase came with a 5 year bull market bonus premium .   That's essentially a key to the Economix. Tx  

[JimNabors]

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[likeike]

What's the timing look like on this sucker?

[likeike]

[TXRogers]

Yes. That is correct.  And that is only a select few that make it. Tx