(((WoW)))The news release detailing the agreements is very complex, but the highlights sums it up nicely and explains in the fifth bullet, "The Acquisition will result in modest equity dilution of approximately 15%".
So we'll have a central facility that will probably begin processing ore this year. That's a serious advancement to production. And a rich addition to our resources. Congratulations Novo team for a really sweet deal!
Below is my favorite part of the news release. I can't stop studying Figure 2.
• Near-term Gold Production: Fast-tracks Novo’s transition to becoming Australia’s next junior gold producer via production at its Beatons Creek Project. This will enable Novo to progress its broader organic exploration on its numerous other gold projects across the Company’s approximately 13,750 km2 Pilbara tenure (see Figure 2 below).
