Novo Resources Corp T.NVO

REVISITING THE DECEMBER 2018 NEWS RELEASE - ASTOUNDING

[ronreagan]

TODAY'S PEP TALK

I had printed out and was re-reading the December, 2018 news release where QH talks about the 95 tons of samples he took from Karatha which came in anywhere from 92.1 grams per ton to 792.4 grams per ton with relatively low gravity.

PERSPECTIVE: If the end result at Karatha is at the LOW END of those numbers, allow me to ask: Do you understand how profound these numbers are?

Unbelievable.

QH plans on sorting the concentrated Karatha ore and trucking it to Nullagine. Even though they will need to spend some time OPTIMIZING processing procedures of the mixed ore, the end result will be absolutely game-changing. I can understand QH all this time having conservatively UNDER-estimated what he believes to be there - presumably to be the consummate professiojnal lhe is and also to keep himself out of legal trouble with shareholders. Once the Karatha ore is added to the Beaton's Creek ore, the head grade will be staggering, industry-changing, and allow me to say "life-changing", either way you look at it. Am I wrong? Is there even a possibility that the Karatha ore will not be able to be processed thorugh the Nullagine?

QH will have proven his Wits 2.0 theory, with which other geologists have agreed (see the numerous research) but never have quite succeeded in proving: unlike the Wits which was more of a disseminated structure, the Pilbara is the manifestation of a precipitation event which was contained by a cap, a few billion years ago. 

On top of that, Novo has the Egina, other surrounding properties near the Nullagine, and even other INVESTMENTS.

I have to admit - I have been involved with quite a few exploration companies and have had my rear handed to me more than once. But I have learned from my mistakes, and at this point I KNOW when I can see success. We are mere WEEKS away from pouring dore bars AND we have the distrinct ppossibility in the next year or so of being able to produce close to 100 grams per ton. ON TOP OF THAT, we are in a position where NO SHAREHOLDER DILUTION will be required going forward. I've been involved with an exploration company that has some 2.8 BILLION shares outstanding (MDMN for example - we "think" they have the goods (not even explored at this point), but the capital structure is an obvious train wreck). On the otehr hand, Novo only has some 230 MILLION shares outstanding! Are you kidding me? You should learn to understand how absolutely profound this fact is. If there is another company out there arguably CLOSE to being in this postion or producing even 50 grams per ton, please set me straight immediately, no delay.

1.80 per share is an INSULT to this stock. Get yours while supplies last.

I also look forward to the Moriarty book.

IN ADDITION: I now have a theory about the divestiture of KL - KL thought in the beginning they could position themselves to take over Novo, but then it become CLEAR that Novo was not going to need KL for financing, and that was that. QH did one HECK of a job of engineering this chain of events. KL will be VERY sorry they sold out down the road.

[BuccaneerBill]

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[JRafflesUK]

You do realize that you are confusing fresh grade with sorted grade right Ronald? Admittedly, the cost of sorting & trucking needs to be added to the cash/AISC cost, but this is likely to be minimal in the light of the concentrated gold grades expected to be achived.

[BuccaneerBill]

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[TXRogers]

Boy that's a grim example.   Because in the end only one ounce of gold is recovered (maximum)regardless of the amount of rock. And that end comes when mines eventually deplete.  Fosterville is no exception. Tx

[BuccaneerBill]

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