RE:Impatiencesonofei wrote:
I cannot believe the uproar today based on a couple words in a an email from QH.
. My thought is this is a 1 month delay in the process towards decades of mining and a monstrous market cap for Novo. Too much impatience.
The problem sonofei, is that this is not a one month delay. The uproar is from this: If you follow the timeline it's in reality, a 12 month delay. And wake up folks. 8 assay samples (and I'll bet my house it will be less than 8) only looks at ONE HOLE.... if that hole is 4 meters deep (which it should be if the conglomerates are 4 meters thick!!!! ) That's one trench in 10,000 kilometers of land...that's what is going to be announced in the next 30 days. Keep in mind 8 samples from ONE TRENCH is our best case scenario! If we are lucky.
Regardless of the results reported, this next NR is going to tell us NOTHING if it only looks at ONE TRENCH!!!! We need continuity proven. We need grams per ton. We need modeling . We need information on depth of conglomerates, and how many.
We need assays from 25 trenches. 200 assays minimum! That's a 10 to 25 year process at the current rate my friends.
It really dumbfounds me that so many here, are relying so much, on a guaranteed tiny report for the giant land package to be explored.
I can't see ANYTHING positive that can come out of a one trench 8 sample assay. Even 100 gpt tells you NOTHING about the land package and whether it's mineable or economic!!!! 8 assays from one trench, with nuggety gold, doesn't get you bank loans, JORC or 43-101 compliance, or government approvals.
I'm afraid another BIG shareholder disappointment is being teed up......
Icarus