I don't see how this isn't a slam-dunk shareholder lawsuit. I must be missing something. Spreadborough blamed Q3's abysmal production on dilution, due to spatially-coarse grade control drilling. Getting spatially-finer grade control drilling was THE critical issue, in order to get Nullagine to stop bleeding cash. But Novo just gave up their spot in line at the assay lab??
CLEARLY, this implies QH and Spreadborough regard the NFG shares as a more valuable asset than the health of the Nullagine operation.
No? What am I missing?
I think the remaining Novo bagholders are in for a religious experience, between now and year's end. The real drop hasn't even started yet IMO.
- Head grades have been lower than forecast due to previous reliance on wide-spaced grade control drilling which results in lower accuracy of the modelled Beatons Creek oxide mineral resource
- Higher mining dilution associated with the more complex mining areas of Beatons Creek also a contributing factor
- Continued progression of closer spaced grade control drilling combined with rapid assay turnaround is providing more certainty for forecasting Beatons Creek oxide mineralization grade, with the backlog of assays being mostly resolved through Q3 2021