Being reasonably conservative - the 20K metric tonne bulk sample could give us an average grade of around 10g/t or 1/3rd of an ounce. 6500-7000 ounces recovered (at ~99% recovery) =~ $11 Million AUD. Minus some expenses, it could be assumed $3M could be divvied to each ARV and Novo as profit from an “exploration program”!!!
Profiting from exploration is unheard of??? Yet some investors seem to think
the sky is falling!
Maybe the sellers are much smarter than me and know something I don’t know. I can only go on what I know- and it seems like GREAT results to me. I’m hanging on through thick and thin here, no matter the market reaction! Screw the market reaction!!!
Novo ann just released, page-122
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Mkt cap ! $17.25M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 0.9¢ | $6.766K | 710.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1543827 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 899500 | 2 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| ARV (ASX) Chart |