re Novo: After warrant conversions, this company has gone from a microcap with little cash to cC$100m mkt cap and sufficient cash to explore and work on a BFS. At the very least, I think Beatons Creek can realistically be added to MOY's reserves in the relatively near future. Speculating, why not: 1) Novo has a rights issue, then offers MOY shareholders cash + Novo shares, with IMC supporting; or 2) NEM buys everything up once exploration suggests total area resources of +4m oz. Whatever - my point was there's enough there to add extra interest to MOY.
MOY Price at posting:
10.0¢ Sentiment: LT Buy Disclosure: Held