Real PrizeI have hoped they prove up shallow ne beatons hi grade, defore they chase milleniums failing effort, which would thereby require either printing more money, or going into debt.
Millenium's mill is 2-3x's bigger than needed for ne beatons, as projected.
Milleniums dirt is obviously mediocre with a couple of higher grade, though marginally sized pods in their mine envelope. They also.have $20-30 mil. tied up in debt.
So maybe novo just throws them some stay afloat bones, to improve their JV relation around ne beacons while taking an option to buy out the mellenium equipment in 2015?
Novo needs definition of that shallow hi grade in NE beaton's but that might congruently support millenium due to their 30% JV. a bit of catch 22.
So yes, Maybe a merger, for the hardware (as well as debt), with maybe an improved JV?
Curious how much more shallow rock novo may have scouted up close in, as ne beatons is a virgin discovery, apparently very high grade, at surface, in the middle of this age old gold camp...
Every way I look at this novo will need more money- Just hope it will be at a much higher stock price, fueled only with concrete as well as promising news.
glta