Novo Resources Corp T.NVO

Best layed plans can't fight outside forces!

[ValuePro]

Substantive news is sorely needed here.  50/50 JVs having no discovery and new claims are not supporting the share price.  I'm not selling, but POG and other outside forces are working strongly against the gold sector for now, thanks to the Fed and its interest rate goals.

[Perambulator]

Interesting that DEGs announcement yesterday bases their mining development on ore at Hemi and the immediate vicinity for the first 10 years and other ore bodies to be mined after this.  So where does this put any ore that DEG might find in its exploration on Novos ground? Reserve ore that might not  be mined for much more than a decade away.  Seems DEG hold all the aces. 

[GildedWillie1]

All the aces plus the royal flush. Any discovery at Egina will feed the proposed concentrate mill at Withnall just a few km away before feeding into the main Hemi plant for final stages. Deg get their share of the ore plus processing fees to cover mill costs and upgrades. Its likely a Toll treatment arrangement will help keep Hemi running for a few decades. Remember  3D chess over the

[GildedWillie1]

Oh, and any gold found at Egina will be refactory because of the nature of the intrusion, so it will be needing the POX circuit at Hemi to make it economical. Saving NOVO from another Nullangine disaster! However, the Hemi plant will also make mining at Nullangine undererground in the older Millenium mines profitable for NOVO if they can use the mill to make concentrate to ship to Hemi for the