Novo as we all know was priced too high for the stage of the...

Novo as we all know was priced too high for the stage of the campaign.
If they knocked any of the hurdles or even clipped them, which is the case here, then there was going to be a bit of bloodshed. This is investing and there is always bumps on the road or did everyone expect to become instant millionaires with 2,3 and 4 OZ grades being announced every month.

ARV is not priced to that extent and had much more upside at every hurdle if cleared.
There may be a bit of a sell off next week because some people were already on the fence about whether they wanted to be part of this discovery beforehand but also The other side to that argument is that ARV now holds a position of strength going forward. Especially compared to the other hopefuls. Lets dig it up, get bulk sampling and start making some money.

Someone correct me here if I'm wrong but the permit was just approved for 20,000T excess in bulk sample extraction. So the total is what before the excess? Just going off the 20,000T excess alone and we have a gold price of $1700 oz is it ok to say $1000 profit per ounce for the bulk sample?

1 oz/t gives $20M to the JV
2 oz/t gives $40M to the JV

This could be coming into the coffers by January next year, maybe more depending on the size allowed for bulk sampling in total, Not too long to wait really is it…..