Novo Resources Corp T.NVO

RE:RE:Perspective

[Iskyhigh]

TXRogers wrote: Hi Wiseguy. 

I think the basic statements in the below post have been a given for quite some time.  Don't you recall weeks and months ago the endless debates about securing corporate control over frivolous and random sample NRs?  This includes the discussion brought forth with regards to JV's, and the likelihood that it will be the majors invested in Novo that will be performing the mining (ie. KL, NEM, Sumitomo pending).

Personally, I really haven't given much priority to the samples and the public disclosures.  What has been going on the corporate level is much more critical and telling.  The positioning and interest of the majors has all been discussed from Comet Well to Beatons Creek - and we wait. 

We wait for the following.

NVOs Path: Mineralization Report for a Mining Lease

As points 15 and 17 in the Mineralization Report link above clearly state:

15. List of analytical results and brief discussion in the text to demonstrate the existence of significant grades and widths of mineralization. These may include earlier results obtained by previous tenement holders of the same ground. The list should include only those drill holes (and/or costeans and/or adits) that appear on the plan referred to in Note 16. Describe sampling techniques, drill sample methods and recoveries, and quality of analytical data for all samples. In the case of certain industrial minerals, the results should include analyses of the physical properties which demonstrate that the deposit can be economically extracted.

 

17. Cross sections / long sections (with drill profiles and/or costean outlines) to show intersections of mineralization and its host rocks, together with analytical results in a generalized format (i.e. showing bulked intersections with average grades).

 

Bottom Line:  An accurate and defendable Mineralization Report contains the grade information and answers to the questions concerning project economics.

 

And we wait for signals that JV deals will be announced, and Special Ops have run their course.

For month's, QH has been telling us this.  No epiphany should exist with the knowledgeable at this point.

Tx

WisGuy1 wrote: @exploratory Like everyone else here, I have wondered why Novo has not released more info than it has regarding bulk sample results, etc. On reflection, and as with many such things, I think it is most helpful to assessing the most likely answer by putting oneself in the shoes of Novo management by posing the questions why and when should they put out a news release in the first place? Viewed thusly, and aside from the required securities compliance releases mandated by law/regulation, consider Novo's (enviable) situation: (1) Novo is effectively insulated from hostile takeover by insider majority control so it is in a de facto sense playing with its own house money. (2) It is superbly well financed and does not need to seek more at its present burn rate (i.e., it's good for years of operations). (3) It has a dominant and controlling land position and does not need to acquire more (although it could and might, yet without having to raise more money through the public markets). (4) The nuggetty nature of the gold bearing conglomerates gives it a strong argument for withholding release of individual bulk sample results for as long as it wants because it could at any point in time soundly and responsibly argue against release of results obtained so far because they would or may still not yet be fairly descriptive to investors of what would be the actual grades overall and therefore should not yet be released. (5) The risk of releasing bulk sample results is not nothing, given that the market would no doubt hold Novo to whatever results it might present as being predictive of what they would find in the future, no matter all the disclaimers that would of course accompany the release of results. (6) Inasmuch as trial mining and actual production are the goals anyway, what's to be gained by Novo by releasing the results "early" -- yes, the stock price would continue to languish or even drop, but the control group is all long and not selling anyway. (7) The stock price will eventually sky-rocket anyway (assuming exploration and mining success, of course) once the market comes to realize how big the amount of gold is and how wildly economic it is, i.e., once capital asset pricing models can be applied and the net present value of Novo's probable future income streams is calculated -- and all sins are forgiven. All I am saying is that if one buys into the conlgomerate gold story and believes in Novo's management (and especially QH), as I do, its actions can easily be viewed as logical, rational, sensible and correctly focused on the one thing that really matters -- establishing the economics of its mineral rights. That said, it does drive me crazy because I really want to know what the bulk samples are revealing, and like all I'm more than ready to see Novo's stock price begin what I believe to be its inevitable trek higher. Patience is indicated for believers, but that doesn't mean we have to like it. Hang in there longs, good luck to all, and go Novo!

Very worthwhile to listen to Quinton's redcloud interview. I pickup something valuable every time.

https://www.novoresources.com/news-media/latest-interviews/