Novo Resources Corp T.NVO

QH tonight

[WisGuy1]

 

The team is the best in Australia and they are doing a good job addressing things as they come up. Mining is a fight with entropy to produce gold bars. It's all about pure grit to make things a success.

[OdderBall]

This post has been removed in accordance with Community Policy

[OdderBall]

This post has been removed in accordance with Community Policy

[TXRogers]

Well OB. I think you're mixing up sorting into the equation a little prematurely.   And the discussion for the moment is really focused around Beatons Creek and the mining operation currently underway.  In the absence of any sorting. This coarse gold story will never exhibit a stabilized or consistent grade.  We have all know that for years. This is why QH is refraining

[Fabrix72]

Hey TX, If this coarse gold story will never exhibit a stabilized or consistent grade ( and this is why Q is refraining from declaring a grade figure) How can he be so sure that aisc is south $1000?...Isn't that true that the lower is the grade the higher is the aisc?

[TXRogers]

I don't think he is sure.   It can only be an estimate at this point.   If you recall since the early days of this story, only mining will eventually prove out the business.  And mining has just begun.   If a grade was stated right now, what specific volume of rock would it be applied towards?  Would you ever believe it would remain consistent?  I wouldn

[Fabrix72]

Ok but if he can estimate the aisc and he says it's under $1000 and grade and aisc are related he could also estimate the grade right?...They based the aisc on other mines and I recall grade was something like 2.00 g. I am not that good at engligh but in the interview he says they have some dilution problems and dilution is reated to the diluted grade or head grade whatever you want to call it

[TXRogers]

No necessarily at this time, Fab The AISC estimate is part of a PEA.  It's an economic estimate. The grade of which you are seeking is from ore that is processed through the mill.  However, what if the rock processed to date in not representative or fully sourced from the intended Beatons Creek ore?   Then it is premature to declare anything with respect to grade.  

[OdderBall]

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[TXRogers]

I suppose we'll let others be the judge of that. As for learning, I have never stopped.   Tx  

[HuberPeter]

Thanks for the discussion. peter 

[Fabrix72]

Sure Tx coarse gold is hard day to day, hour to hour etc....perhaps even week to week.....but volume variance is the key.....let’s measure month to month.....let’s compare resource model to grade control model and then to actual.....is 120,000 to 130,000 tonnes enough to get an idea of grade ? That about what they will do a month at 1.5 MTPa - or is the gold in the dust, or in the tails .....or

[TXRogers]

Hi Fab: Novo have been stating what's going on.  Why don't you simply wait until they can tell you what you want to hear.  By the way, what do you want hear? There seems to be so much concern. Tx

[Fabrix72]

Back to music Tx, I have listened to this song over and over for so many years. Actually, I started playing bass after I watched Paul Webb on bass back in 1984. They made many good pcs but I find this one very meanfull to me.

[TXRogers]

Music is the most powerful form of communication, Fab I recall Dolly Parton once commented on her greatest composition:  Jolene.  It was a plea from one jealous woman to another woman, who she knew she could not compete.  It's power stemmed from it's hinted desperaton. But what of Dolly's comment?  She mentioned that it was Jack White that really expressed the

[likeike]

Truely an iconic song I had no idea what it was about when I was in a room in Calgary.  I was with arguably the best guitar player in Canada. He ranted and raved how she really put it all out there. I had no concept but respected the reverence everyone  had for it as we listened to it on a cheap tape recorder circa 47 years ago. IKE