RE:RE:RE:1987 by CRA drill hole braekdown on...@goldminer01 and others stating a double from here is a best case scenario. There are a lot of great posters @HotCopper, including lot’s of geos, who think $2-4 is very real. Some of them are calling BS on Novo/QH when they state that Purdy’s only has 1.5 km of strike, and, argue it may be 3-7km (implying an understatement to keep ARV price down). But, let’s stay with 1,5 km and assume they find “only” 10M oz @ Purdy’s of which 5M oz goes to ARV. What’s a low cost/high grade near surface 5M oz deposit worth? The heck if I know, but, I was in Integra Gold when Eldorado took them out @ over $500M for what was then less than $5M oz. What if Purdy’s does go well beyond 1.5 km and Novo finds 30M oz.?
none of the foregoing includes any value for all the other JV properties with Novo, no value for ARV 100% claims, the mill, other ARV JV’s (like the one just announced with MickieD’s), or their other mineral deposits (drills are turning now on cobalt targets,,,ha ha ha, laugh if you want but if they hit ARV could be worth more than it’s current mc just based on cobalt).
Full disclosure, I am long ARV over 500k shares, long Novo over 65k shares and long 7 other Aussie plays of which 5 are “nearology” plays. I have no idea what any of them should be as their “best case” price, BUT, I am not selling any of them. The entire worldwide stage is playing “Novo and the Novoets” and I’m holding onto my season passes: you do the same. Don’t get an itchy finger because some posters have opined unfounded low ball best case scenarios. BTW, in spite of all the aforesaid, I would jump at a Novo takeout of ARV @ 10 to 1 shares.
Finally, remember, Novo and her sister Artemis, are going to treat you so goooooood. YeeeeeeeeeHaaaaaaaaaaaa!