RE:RE:RE:RE:QH and Novorob1237 wrote: This complicated company burns thru cash like a crack head on speed. Will this make a come back. Perhaps. The more important question is will they have money before that time.
looks really bad and gold will need to go to $2,000 to pull thus out of the mud.
the sorters...theres hope there..but limited.
Novo should start thinking about shutting down the exploration and only mine high grade areas of Beaton's Creek if there are any high grade oxide areas. If the oxides show little or no profit, then shut down operations until the feasiability study for the fresh is done and mining approvals for the fresh are approved. Novo needs to conserve cash until they can make a profit on mining and it doesn't look like they will anytime soon with the supply chain problems. If the loan is called, then sell half the stake in NFG and pay it off. Survive and pray that sorting can produce a profit.