RE:RE:Jay Taylor NewsletterThe only reason I invested the equivalent of my beer money for a year here is on the likelyhood that Novo will just crush all the ore from .5 meters above to .5 meters below the top layer and from 1 meter above to the bottom of the bottom layer at Comet Wells and then run it once through the sorter. Seems simple to me. If they can get 90% of the gold in less than 1% of the original mass then who gives fuk about the 10% gold loss or the 20% dilution. Looks even better at Egina. They think they can get 99% of the gold in less than 1% of the mass with just crushing and 1 pass through the sorter. All big ifs but if it works then the share price should be much higher. Maybe up to $2.50 U.S. Don't know why they don't sort the BC ore prior to sending it to the mill. Seems like it would be cheaper when you didn't have to worry about the dilution so much. Even 80% of the gold in 50% of the original mass seems better than what they've got.
I'm upset because I wanted to double my $1,400 investment in Novo in a year and sadly it has fallen well below a 2 bagger. I should have sold when it was a 2 bagger but got greedy. Maybe NFG will go to $60 a share like Kirkland Lake and justify the market cap. You never know.