RE:RE:Has anyone seen this?wajac wrote: An interesting read but somewhat on the negative side. But that's alright as all evaluations are important from the extremely negative to the extremely positive. And on this board it's been almost all extremely positive. Crux Investor claims that reports are written by world class analysts but no names are revealed. So perhaps reports are written by clever writers who do not necessarily know a lot about their subject but know how to turn a phrase.That being said the review is a welcome addition to the narrative. But in the end the drill will tell the tale. The Queenway property extends over 100 km. Queensway North, approximately 8km is a small section. The Appleton and Joe Batts Faults run the length of the property and is part of the larger Central NL gold belt. It will takes years of drilling to determine the value here. The comparisons to Fosterville in Australia and Red Lake in Ontario are not unrealistic. One can always find fault with how a company operates especially if you start with a negative opinion of the company. It's called confirmation bias. Confirmation bias also exists when you have an extremely positive view of a company. A long overdue realistic appraisal would be refreshing.
So youre discarding this evaluation and waiting for a realistic one. Interesting. But dont pretend to be unbiased then.
2 years ago Crux produced a similar report on nvo. In a nutshell it said thin conglo layers seperated by waste would be subject to a high dilution rate and that in the end it would be uneconomic. They raised several red flags all of which have come to pass and now novo is slowing going kaput. If you truly are interested in being unbiased you should get your hands on that report and see for yourself. And in the alternate carrying on thinking you are unbiased.
Joanie