Post by
WisGuy1 on Jun 21, 2023 7:45pm
@AUinvestor
@AUinvestor Of course, De Grey Mining management didn't wake up yesterday and suddenly decide they are going to spend up to A$25 million exploring Becher... no, of course not. De Grey management has been planning this the entire time that most on discussion boards were throwing in the towel on Novo shares... guess the few that saw the promising AC drilling results at Becher just 30K from Hemi are now joined by management of a company that found 10plus million ozs. If not blatantly obvious, DG has entered into an agreement to invest in Novo Resources and has committed a significant amount of capital which indicates that they see at least A$25 million worth of time, energy and money to explore the potential value in Novo Resources and its Becher Gold Project.
Comment by
mortgages101 on Jun 21, 2023 9:00pm
Wisguy you and your friend are clueless they are spending $7M
Comment by
Negroplo12 on Jun 21, 2023 9:03pm
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Comment by
GildedWillie1 on Jun 23, 2023 8:34am
And interestingly, someone pointed out that DeGrey have drilled right up to Novos Becher boundary, and have never released those results, despite having a deposit of a few hundred ounces just a km or two away to the north. It's quite likely they suspected something nice was just over the border.... it will be fascinating to watch and see what pans out