There is almost 500,000 ounces of near surface gold at Beaton’s Creek based on the drilling already completed. Millennium Minerals has a mill nearby. Millennium has been running a lot of drilling but hasn’t been wildly successful at coming up with a new resource. Eventually they will run out of gold and their average grade is a fraction of the Beaton’s Creek material. It seems to me that it would make sense for either Novo to buy the Millennium mill to process their higher grade ore or for Millennium to buy the Beaton’s Creek resource from Novo or for the two companies to do some kind of toll milling were Novo uses Millennium’s mill during quiet periods to process the half million ounces of gold they have near surface. Any of the three would make a lot more sense than Novo building a mill five miles from another perfectly suitable mill.
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