RE:beatons creek
Novo cannot provide guidance on costs right now as the operation is based on an indicated resource of conglomerate ore and a plant that Novo have not yet fully operated. If you look into the history (including that of MIllenium MInerals) you will find clues as to what the costs might be and how much work has been done to have confidence (or not) that the process will work.
I'm just looking for uplifts in "value" (ie first gold pour, trial results of processing conglomerate through the mill, confirmation that the tailings plant is operating OK, publication of PEA, levels of production achieved, the playing off of debt and cash generation. The uplift so far (from say $2.3 to $3.2 has come from the recent RNS progress announcement. IHMO the key factor causing the price to rise was that NVO advised it has agreement that it can operate the tailings plant (which was the last piece in the puzzle to allow the guys to run the plant.)
The current share price includes a significant elements of confidence that "the Eagle" project will work and also something for upside in the future.
I assume that if (and when?) confidence rises it will be reflected in the share price going forward.
SM