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23/08/19
12:41
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Originally posted by Cheynne
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All costs paid until decision to mine on a project like this. I'd take that for a 30% position any day RAF.
We have multiple rich tenements and each one has to be evaluated on a business development assessment. Will this one be effectively managed and financially controlled by experts whilst we balance our other projects with suitable plans that are sustainable and effective. You can’t do it all with all your eggs in the one basket as much you can dream of taking it all or nothing. Common sense must prevail as many would agree.
If we have success on many of our projects they all add up to a very successful business house if each managed individually in the appropriate way. That's the way I look at it anyway. If we are very successful as we move on financially there will be others that we may then figure we are in a position to control ourselves again within our expertise as we did with Sinclair. Horses for courses.
Success has to be in controllable planned stages to be lasting.
All in my opinion of course. We must get over some dreams though.
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The "all costs to a decision to mine" bit is a Red herring. The only part of any importance is what we got for the loss of 70%, loose change a few NOVO shares and 50,000,000 in dilution being the answer, and what NOVO needed to spend on exploration which is a paltry 0.5 mill over 2 years 15-20% of which will probably be "consumed" in admin expenses.