Novo To Reach Triple Digits in Q3/4 2018!A takeout is the only thing that can prevent it happening.
The first half of the year will provide a double digit floor as bonanza grade Purdy assays are followed by more of the same from Comet Wells. By then Kirkland Lake will have sewn up control of the Pilbara minor players. To prevent Quinton 'Hamlet' Hennign from 'to mine or not to mine' equivocations over just where exactly the first of many processing facilities will be located KL will attempt a friendly merger/acquisition.
The majors who sat on their wallets waiting for proof, now fearful of missing the Pilbara boat completely, will pile in. Novo will be acquired by someone.
That's the only way Novo DOESN'T hit triple digits next year.
Left untouched the trenching chops (call them mining chops as they amount to the same thing) Novo perfected on Comet Wells will be rationally applied to down dipping Comet Wells conglomerates or targets elsewhere in the ancient basin.
And Novo makes and breaks $100 all by itself.
Happy New Year!