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12/21/17

The most concerning part of the Novo Resources (NVO.v) NR today...

...for longs at least (I'm strictly neutral and hold no position at all) is this line:

KX078, a 356 kg bulk sample collected from conglomerate 40 cm above the basal contact, was determined to have a calculated head grade of 1.3 gpt Au

That suggests widths are going to be an issue.

Anyway find the NR here. And it's a good job of work this NR too, one cannot fault the company for lack of information (the True Believer GGI fools might want to reflect on that).

Whether or not there's a mine here is a different question for another day, today is all about the justification of NVO's current market cap. I wish you good fortune from the sidelines.