RE:RE:RE:RE:RE:RE:RE:RE:RE:Sprott NVO update
I have a lot of respect at what TX has to say but I don't think he understands how important cash flow is to a business or how difficult and costly building a operating mine is. Time is money and novo will see this with there 100% owned land .....I have worked in the industry for 20 years and around 12 years in the Pilbara. Radio hill plant is worth its weight in gold. How many exploration companies can find a resource and basically start producing at a push of a button? You all think your land is ready to dig.....a few years off, to get it out of the ground and start making money ....say 2-4 years and a lot of money . Once your permitted and start producing you make money , you also make jobs and you also make the government happy .......you also open the door to expansion . Most multibillion mining companies start at very low rates, then once they say that word low dept with cash flow .....they grow. Go spend 2,3 years burning cash on exploration . People are missing the point. ARV don't need wits2 , they just want a high grade proven recourse at purdys reward that they can mine with low strip ratios ........plus what other minerals are in that dirt? why is this important? because its called a credit......this lowers your cost per oz even further . Novo will find new discovery's while arv are making money and looking for discovery's self funded. Northern star recourses or KL didn't get where they are just looking for gold.....they found some, produced and looked for more ......