RE:RE:RE:RE:The Short-term Share Price Is Irrelevant 💪
JRafflesUK wrote: The PEA will be of most value to investors when one scenaria, not neccessarily the base case, is based on the ACTUAL GRADES achieved in 2021 Q1.
In contrast, a PEA based entirely on historic NI 43- 101 numbers would be less relevant when gold is being poured in Q1.
Moreover, what if the actual grade at Beatons Creek is comming out close to 6gt achieved on samples previously taken by QH. In this scenario, it would be misleading to issue a premature PEA, when the production reality in Q1 is likely to be the best indicator of future grades.
In summary, I would be surprise dif a PEA were now to be issued before the Q1 production grades are announced.
Premature PEA??? That's a treat.
The PEA is typically a precedent to obtaining financing leading into development, and ultimately towards a revenue generating producer years down the road.
Well, how is that going to decide Novo's fate at this point? Remember all the calls going back over the last few years? All crying out to simply screw it all, and just "Mine it". And that's exactly what Novo has done.
As many of us know, Novo has executed their story line backwards to the norm. Their PEA is chasing a producing operation. It's almost comical in its brashness and brilliance.
Why do you think some the posters here are only interested in Q2 and Q3 revenue and AISC statements? I don't fault them really, It's not because the PEA is premature, or even late. At this point, it's actually almost irrelevant. It's because some are concerned that this flow of events is laced with unacceptable risk. I am obviously not one of those that believes this however. To each their own.
The PEA will be market and business statement that may easily leave some heads scratching even more. As for investors such as myself, I will only view it as a document that reinforces what I already believe.
The photos of trucks arriving at the Nullagine Mill and the endless moving conveyor belts mean much more to me. All I want to see is increasing gold pouring, more exploration, more mining licenses, native approvals, and quarterly statements that document the growing business.
And as for the revised PEA's comically chasing it all: They can be rolled up and tossed at that cawing Crow that sits on the fence endlessly waiting for a mishap.
Tx