With Novo's $2m earn-in nearing completion, how is the JV going to move forward. Novo have obvious problems with evaluating grades through drilling which in turn has spooked the market. No grades no JORC.
So if we are to believe that the only recourse is to dig and test and as many including myself have indicated, they might as well mine it.
So if we head down this road, who is going to manage this. This is uncharted territory for me as I can point out a recent example of the SFR/TLM JV where Sandfire is running the show which makes sense as they have all the mining and production infrastructure nearby and running at Degrussa even though Talisman has much experience in running a profitable mining operation in it's own right.
So how could this JV move forward from here to production. Interested in your views
A Conundrum
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