RE:RE:RE:RE:RE:RE:RE:RE:Test Plant 1Ettinger wrote: Hi Monkeydonkey,
"Stunning samples would absolutely move novo! Beyond 2017 highs imo. QH was indeed talking about something larger. About the down dip and about a test mining phase ("when some more stars align"). Patience will be rewarded... Hopefully soon."
We will have to wait and see, but don't see them getting 3-5 tonne samples from down dip... More critically, I still wait for a clear, unambiguous statement as to how Novo is going to deal with the 20,000 tonne permit.
I agree that it would be nice if Novo was more open about, well almost everything. But they are not, for good reason. They dont wanna give away what they have learned to others. So we just have to trust them (and i do so far).
For the down dip i think they will use conventional drilling to find fine gold.
I think they will come with news on the 20k sample (and possibly a lot more soon). I am pretty sure they will start a test mining phase. Just lots of factors to figure out (permits, artemis, kirkland,...).
The reason that novo is still bottoming instead of rising is because us investors are not patient enough. Volume is very low, insiders hold, and so do i... (btw if i would eliminate my position novo would tank, liquidity here is still very low. but that goes the other way around as well)
I think we can and will see spectacular returns in the not so far distance (days, weeks, months).
Just gotta have a little patience. (btw the juniors are up a little today, if we get good bulk samples tomorrow (+15g/t) i think we will close the week near 4.35.
GL all, and i wish everybody the patience to sit out this frustrating phase.