RE:RE:RE:RE:JV from KL or a major coming?Tx, Makuch is in now way saying the gold isn't there...everyone knows it is in whatever way, shape or form...the question the past few decades has been on how to economically scale the resource. No one still has clue. The fact though with the results of end of May point to massive hype with relatively benign results. Fosterville's Swan Zone destroys what has been put out so far by NVO. I'd rather Kirkland (as a common shareholder) spends money on advancing and promoting itself. Wait until KL announces more conversion to reserves later this summer with their massive drill campaigns in Australia and Macassa (Ontario, Canada). If you want to actually make $$$, earn a dividend, and sleep well at night, your bulk of position should be in KL. Perhaps you already own KL.. Yes of course NVO shareholders like yourself would love a JV with a top tier firm like KL for "further validation" of what is still merely a story. After buying up 18.1 % of NVO, I say KL shareholders have enough exposure and my point was that KL's IR Department CONFIRMED to me that there is no more investment for the time-being. Point blank. So posters who keep pumping this supposed JV are talking out of their A*s and quite frankly it's pathetic, as no top tier mining firm is launching a JV without serious, stable drill results and a path forward to economic mining i.e. via a PEA or Feasibility Study. JIN
TXRogers wrote: Rhino10 wrote: Jin Thanks for confirming what we all know -that Kirkland will have no interest whatsoever in joint venturing a property with Novo that has produced (a) only two sample results in 8 months -(b) that has no plans to do in the future other than what they have done for the past 12 months ( c) there can be no mining lease application or JORC resource to support the application for years with the snails pace of the aforesaid SGS results (d) consequently a granted mining lease with a JORC resource -if that is the requisite for a joint venture- is light years away unless Novo management adopt a completely different resource definition strategy.
All we have heard for months is potential Kirkland joint ventures -Newmont circling - Sumitomo discussions - TX you are deluded - no company wil commit to a joint venture in the complete absence of any meaningful exploration results in the last year or the prospect of any meaningful exploration results in the forseeable future accompanied by granted mining leases.
Yes..Thank You Jin. Very enlightening indeed.
Well, Rhino…here we go again. I have to once again explain my delusional leanings, and at the same time end up destroying your viewpoint completely. And as always, it seems to take such little effort on my part.
From the KL presentation at Whistler Conference
Dec 2017 by Tony Makuch president & CEO of Kirkland Lake Gold on NVO starting at 25 minutes:
https://www.cibcvirtual.com/whistler2018/kirkland-lake?return_to=/whistler2018/kirkland-lake "..We had our geologists looking at NVO for quite some time..one thing about Novo, there's definitively gold there,and you can go there and pick it up yourself....and the thesis is a potentially very, very, large deposit..recognizing it's a greenfield, brand new discovery greenfield exploration project, and so the work is to try to figure out what's here and really try to understand it; it's still in the early stages, and they just realy got the first permit for the exploration at Comet Well...It's a potentially very large deposit, physically the gold is there and we were able to trace the gold on PR and CW ...8 km in that one area, and if you tie it all the way toward De Grey is ,you got like 90 km of exposure of conglomerates that you're finding nuggets and watermelon seeds everywhere ,and so you got a sense that something that's got 90 km on strike is definitively got the potential to go down dipping, and the challenge is to figure out what's here. The way we structured the investment into NVO is the company is financed properly to go and do the work and carry exploration without having to worry about what's happening in the market; they can focus on exploring, and figuring it out because we think there's something there, so take away all that noise that we know if you weren't properly financed, how do you go to next step? How do you decide what to do? So, they're properly financed to do that. And I also tell you we did not make this investment into NVO resources because we want to be an investor like you, we're not an investor, we're a mining company. I like to think that you as a shareholder, you invested in KL ,you don't want us to do the same as you're doing, we invested in NVO because we ,in our option, our optionality is to try to get early in, we eventually will be the operator and the miner on this property, and we think there's potential there." Now, I do understand that a Rhino is by no means an elephant, so
Dec 2017 must seem like such a long time ago and that memory must now be failing you. So, in an effort to assist you overcoming your handicap I will move towards a more recent event in our recent past.
Let us go back to a mere month ago to
May 11, 2018 and to a
Mining Journal commentary on Kirkland Lake Gold, on the subject of increasing its Novo stake by purchasing the 4million shares from ARV. In this article, the following statement is made:
KL president and CEO Tony Makuch said previously the company wanted to ensure it had a strong enough foothold to participate in a potential discovery made by Novo. "The goal is not to invest in companies, they do something and we sell the shares, the goal here is to invest in something, have that money we put in to develop and advance the project and make it better until a time that we come in and be owner-operator of the project," he said at the time. KL chairman Eric Sprott is also a major shareholder in Novo. "He's a pretty shrewd investor and pretty smart," Makuch said. "You want to get involved in these investments fairly early, you don't want to wait until it's too far along." So, I am very tolerant when being accused of being delusional. Because being compassionate towards the ones that suffer from more serious ailments is a Christian failing of mine. Especially the poor souls addled by a serious a case of
Attention Deficit Disorder.
Tx