Company Updates From Management – Tue 4 Aug, 2020

Novo Resources – A focus on the purchase of the Millennium Mill to fast track the move to production

Quinton Hennigh, President and Chairman of Novo Resources (TSX-V: NVO & OTCQX: NSRPF) joins me for an evening editorial to update everyone on the news released today regarding the acquisition of Millennium Minerals Limited for its production assets.

We discuss everything from timeline to production at Beatons Creek, to a production outlook, and how the other assets explored by Novo will have synergies for production.

Please send me any further questions you have for Quinton – Fleck@kereport.com.

Click here to read over the full news release.

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Comments:
  1. On August 4, 2020 at 7:38 pm,
    Excelsior says:

    Thanks Cory & Quinton for a good update on the production strategy for the Millennium Mill. Exciting times!

  2. On August 4, 2020 at 7:50 pm,
    JustTruth says:

    Nice job Cory getting a timely update from QH on Novo following the huge release today!

  3. On August 4, 2020 at 8:47 pm,
    Anders from Copenhagen says:

    Great interview.
    Did Quinton really say $25 per ton?
    Thanks for all your efforts!

  4. On August 4, 2020 at 9:29 pm,
    Donald Benson says:

    Ore-sorting will be a key component of mining at Egina, and also important at Karratha. What is the likelihood that ore-sorting can be used at Beaton’sCreek in order to increase the production of gold through the newly purchased mill?

  5. On August 5, 2020 at 5:28 am,
    OOTB Jerry says:

    Well, It looks like another interesting day………..Gold at $2044 ……KIS…S……

    • On August 5, 2020 at 5:32 am,
      Rene says:

      Hey OOTB most interesting, does it feel toppy yet, or stretched…?

      • On August 5, 2020 at 6:02 am,
        OOTB Jerry says:

        According to Oliver……..we have some more to go…….
        My gut feeling……is they are going to pull the rug……jmo….

        • On August 5, 2020 at 6:05 am,
          OOTB Jerry says:

          But, this is only going to be a buying opportunity , with a pull back……
          We are in a historical NEW BULL….according to historical records.and cycles from the Gann report….and this is certainly not investment advice…..just be ready….for anything….

          • On August 5, 2020 at 6:10 am,
            Rene says:

            OOTB what you said makes a lot of sense… keep trimming the winners and build up the cash position, ready for the rug to be pulled

        • On August 5, 2020 at 6:10 am,
          OOTB Jerry says:

          But, when are they going to pull the rug…… 🙂

  6. On August 5, 2020 at 6:21 am,
    Wolfster says:

    I had .50 as big resistance point on Kootenay but right now premarket is .52 so ……..

    • On August 5, 2020 at 6:35 am,
      Rene says:

      I feel its blow of top time for now…imo

      • On August 5, 2020 at 6:40 am,
        OOTB Jerry says:

        FED alert………see above…..for reason for take off of gold and pms….

        • On August 5, 2020 at 6:48 am,
          Ebolan says:

          I wish they’d pull back and give us one more back up the truck chance.

          But looks like that’s not going to happen.

          With a future like this how can the PMs not go crazy? The most radical are starting their take over of the left. Don’t know whether to invest in the PMs or an army of baboons armed with chainsaws!

          https://www.zerohedge.com/political/huge-formerly-homeless-blm-activist-defeats-democratic-incumbent-missouri-primary

          • On August 5, 2020 at 6:54 am,
            OOTB Jerry says:

            You may as well forget the govt……….it is worthless………the FED has taken over….
            absolutely no hope of a change until ……they are all gone….
            better get your gold and silver while you can……silver is going to be over $49 sooner than most can imagine.

          • On August 5, 2020 at 6:55 am,
            OOTB Jerry says:

            GRS……………75 to 1……………was 115 to 1 a few months ago…..

          • On August 5, 2020 at 6:56 am,
            OOTB Jerry says:

            GSR…….not GRS…..sorry

  7. On August 5, 2020 at 7:12 am,
    Rene says:
  8. On August 5, 2020 at 7:20 am,
    Rene says:

    Chris V says dollar over sold ,could bounce from here and dampen p.m. and recommends protecting profits only for short term traders

  9. On August 5, 2020 at 7:32 am,
    Rene says:

    Long term … KIS..S

    • On August 5, 2020 at 7:38 am,
      OOTB Jerry says:

      Ditto…… 🙂

      • On August 5, 2020 at 8:34 am,
        OOTB Jerry says:

        Long term..and Immediate term……Gann report this morning……..indicates……possible…run higher ….
        If, I print the number it might scare people…..but, it is past the number I posted the other day, while joking with GLEN…….and that was $2160….
        and well with in the range Oliver predicted…..

        • On August 5, 2020 at 9:15 am,
          Rene says:

          OOTB and after those levels?…some rug pulling?

          • On August 5, 2020 at 9:43 am,
            OOTB Jerry says:

            I will go check again…..

          • On August 5, 2020 at 9:59 am,
            OOTB Jerry says:

            the historical charts…..would indicate this market , is close to the same DNA, as 1978 and 2008….so, where there pull backs in those years….YES…but, continued higher….

          • On August 5, 2020 at 10:05 am,
            OOTB Jerry says:

            Min….1978…….$2173…….2008….$2190……with a run away to $2350….
            based on three factors….1.Overall legs up (historically)2.Run away legs up 3. Break out percentages……and all of these are based on looking at 54 other legs in history…
            Please note…..these are projections based on history….and a lot of other things go into the final…

          • On August 5, 2020 at 10:17 am,
            OOTB Jerry says:

            Matthew posted this, which I believe is wisdom……just saying…..
            On August 5, 2020 at 10:01 am,
            Matthew says:
            David, at this stage, this action is just what we needed. Top-callers are everywhere and sentiment IS at a bullish extreme overall (but apparently not with the many experts who are now roadkill due to repeated bad calls) so getting today’s gap filled in what looks like a bearish reversal not only serves to reset sentiment but also will cause many to sell too much and even go short. Such people will be our fuel for the next leg higher and that leg will come much sooner than they think. We are on the verge of seeing leverage to the metals return to our miners and those who are short because they think we have an intermediate top or “need” a “significant” correction are going to be very unhappy.

          • On August 5, 2020 at 10:38 am,
            OOTB Jerry says:

            Also…….Oliver………..(stole this from silver)
            https://marketsanity.com/michael-oliver-gives-market-updates-on-gold-and-silver/

          • On August 5, 2020 at 10:40 am,
            OOTB Jerry says:

            Start at 8 min mark……..

          • On August 5, 2020 at 10:44 am,
            OOTB Jerry says:

            Macro…….effects of history……whole different game…..

  10. On August 5, 2020 at 7:45 am,
    Rene says:

    Today a little FISH and VIZSLA

    • On August 5, 2020 at 7:47 pm,
      Excelsior says:

      +2

  11. On August 5, 2020 at 7:58 am,
    shawn says:

    Anyone know why Novo is still halted?

  12. On August 5, 2020 at 9:22 am,
    Wolfster says:

    Had to do a little trimming. Kootenay had become over 40% of tfsa. Not comfortable with that even with how much I love it. Have a couple of other sells in at the right price.

    • On August 5, 2020 at 9:38 am,
      Rene says:

      Hey Wolfster, good day to trim Kootenay, has run up some last few days

  13. On August 5, 2020 at 12:17 pm,
    Wolfster says:

    Thanks. I certainly hope so. Got off of a few big movers. No stink buds filled so sitting on some cash.