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11:51
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Originally posted by goldtowin:
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Why would Novo hurry things along. At some point Artemis will not be able to contribute to the JV thus losing percentage interest in each of the 35 tenements including Purdy's Reward. It's obvious, Novo is trying to get a larger percentage of the JV or get Artemis to sell it to them. There won't be any bulk sample results this year. Novo is still negotiating an aboriginal deal supposedly. What a joke that is. Novo could of had a deal over a year ago if they wanted it. Plus Novo gets a 20% management fee for negotiating the deal and for anything else they do like attend JV meetings and a percentage of QH's travel expenses to discuss Comet Wells/Purdys . Yup, DL was a shrewd negotiator on that one. Yup, screw Kirkland Lake and Novo out of $20 million and see how nice you're treated after that. What do you want to bet that out of the five 20,000 ton bulk samples, the first 4 are at Comet Wells and the last is at Purdy's. That should happen sometime late in 2020. Think Artemis will have the funds to process the 20,000 ton bulk sample in late 2020? It should only be about $1 million for Artemis's share ,plus, don't forget the 20% management fee. And best of all, the JV can't sell any of the gold because it's mined under an exploration license instead of a mining license. But the gold will be held in trust. Wonder why Novo hasn't submitted the mineralization report that Artemis helped fund in order to get a mining license? Now you know. But DL did screw them out of $20 million causing much amusement on this board. Not so amusing now is it?
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You'll upset the Novo clowns talking the truth here! Lenigas did no great dealings for us that's sure. Smoke Screen Wizard who took off to the Dope Hills when the seat became too hot....
