Canadian mkts closed Monday (if I have my facts straight)...Question w/Novo is knowing where NOT to extract ore. In other words, coming up with some method to determine where the ore is rich enough to expend money extracting/shipping/processing, and where you shouldn't. Pretty clear, as TM & ES said, and as fossikers have known for decades, that "the gold is there" and that it spreads over 100s of kilometers. Questions are 1) is it uniform enough that you can simply start dilling & milling profitably (unlikely, but who knows?), and 2) if it is no uniform enough, how do you tell where you should NOT dig?
Excuse my skepticism, but after a long, long time of working at the intersection of research & product development, have seen way too many cases where there were just one or two technical leaps that were needed. Those missing steps never solved, and tens of millions in ven cap money to got excreted down the toiled. Seen it again & again & again, with language and promises along the way that are disturbingly like QH's pronouncements, right down to the "I've been in this industry a long time & I know it's important to always be conservative". The liars ALL say that. I am not claiming QH is a liar, here. No slander out of me. I am expressing my OPINION as an investor, that the set of facts put forward, and more importantly the ommissions from those sets of facts (stuff that IMO should be there, and is not), and the tone of the remarks, sounds way, way too familiar. E.g., where are the results from the other samples. QH always presents from a few samples; with no statement on whether or not these are the results from all samples collected, or just cherry picking. Novo "investors" blithely ignore this OBVIOUS sign. Why do other explorers give comprehensive lists of their assays, with "NV" on many of them? It's not like lack of uniformity should be trivial to an investor; it is THE key criteria in the economic viability of the deposit. Again, we've known "the gold is there", for decades.
There's a REASON that the big, successful Aussie miners are not all over this one.