Jay Taylor Newsletter @afarmer J Taylor's monthly newsletter came out this morning with the following comment on Novo: "Novo Resources saw its shares get hit hard in April when the company announced a C$22 million financing. I firmly believe the market is overreacting but as Quinton Hennigh explained to me once the company received the PEA, it concluded that it will need to
drill on 20x20 spacings before it begins to mine and mill in order to have better grade control. The PEA which was reported on April 2, calculated a NPV5 of $250 million. I view this as a buying opportunity and believe the company’s future is as bright as ever."