Novo Resources Corp T.NVO

AUinvestor on Novo

[WisGuy1]

@AUinvestor on Novo :@AUinvestor Been busy... QH comments very sobering. He shows his frustrations and disappointment to things that were largely beyond his control (Covid lockdown reactions, supply chain issues, soaring price inflation, worker shortages, travel restrictions to Australia, rising labor costs, backlog in permitting process, isolation of indigenous throwing a wrench in the machine to get title agreements, on and on.) An unfortunate chain of events he agonizes over. However, QH just like everyone else, doesn't have a crystal ball and unable to say for certain Gold will rise significantly in value... or that China will not invade Taiwan next Spring/Summer to cause more disruptions, or that the war in Ukraine won't escalate in the Spring to see Russia use tactical nuclear weapons... I'm not predicting any of this... but God forbid if the world doesn't end next year, with similar terrain to Hemi that extends through Becher, there is certainly reasonable odds they can find Gold. And it's not unreasonable that Gold could hit $2600 or higher next year... and if you read what I wrote in the group today, not unreasonable for Gold + equity capital multiple to revert to the long term money supply mean with money migrating out of equities into Gold and the values rising significantly higher as it did in the 1970s multiple of 8. If Gold were to rise to $8k or higher in this next bull market, that would make the most highly levered Gold projects (low grade Gold) rise the most. QH can't write any of that... we can't know, but it's certainly possible, and even likely if historical cycles continue to repeat. The problem is that everyone is worried that Novo will go bankrupt... Gold at $2200/oz or higher would quickly change that fear. If not, then Novo would be in the same boat as many explorers that would have to cut costs/suspend operations/and or dilute shares to raise cash until the Gold price rose to address the Gold production shortages that all producers would be plagued with. The solution for a low Gold price is a low Gold price that leads to production shortages that leads to much higher Gold prices leading to investment dollars returning to the Gold stock sector. At least that is what I experienced in 2000-2001. QH did everyone a favor speaking plainly about Novo's circumstances. People act like he abandoned the company... like they have no clue about the  lockdown that kept him from traveling there. Anyway, no absolutes, but this is a process that can drag on. Given the number of drill prospects and fortuitous locations, given the likely hood of a the Gold price eventually rising, I think we still have a lot of potential for success. Thanks for sharing QH's reply. Also I look forward to listening to the Kereport!

[TexasT]

How did all the other company's around thrive through these hard difficult times your talking about? Covid geez blamed for everything

[Rhino10]

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[Rhino10]

Ha Ha ha ha - hahahahahahahhahahahahhaahhahahahahahahah