Post by
WisGuy1 on Jul 08, 2021 8:49am
Novo Production
@afarmer just saw this. They told us during the AGM they are going to increase gold ounce production every month through the end of the year. Then they substantially increased production from May to June. We can now see the results on the balance sheet with cash increasing by another CA$1,000,000 despite exploration activities. In another 90 days, we will know how far BC production has progressed and we will know even more in 180 days. By then, they should be well on their way to 100,000 ounce per year steady state production and AISC and we should forward guidance for 2022. Now, that is something everyone can model from a financial perspective. In other words, there is what we think they can do and then there is what we know they have done and what they will do.
Comment by
northsixtydf on Jul 08, 2021 8:56am
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Comment by
Harmonicia on Jul 08, 2021 9:12am
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