Loading ...NVO breaking out?
It looks like it might be breaking out on high volume today: 
I heard on JayTaylor media they have some new technology that can sort the gold out without using water and it works for super small sizes of gold less that .5 mm in diameter, and brings the cost of mining down immensely. Could be a fund buying into it?
Scattered comments (maybe there’s a nugget here and there in the dirt):
I remember reading as a child rockhound all too many decades ago that a prospector’s and desert miner’s Holy Grail was something that would allow for really effective mining of dry placers for Au (or Pt) without water. At that time no one had found a practical way. If NVO has found one, great. Usually a sign to sell a stock instantly as a scam is when a company touts new super-special never-before technology that allows it to process rock in a novel way. In this case the possibility may be credible in that NVO is not claiming that it, NVO, itself owns some secret-super-duper technology. Instead, according to the company’s news release from earlier this month
http://www.novoresources.com/news-media/news/display/index.php?content_id=367
it has been playing with technology from Steinert — https://steinertglobal.com/ — which is apparently a German based multinational that sorts stuff — garbage and trash for recycling as well as mining operations — using magnetic technology. Looks as if garbage/trash may be its main application even (I didn’t look hard).
Thus it is presumably a legit technology, whether or not it can work economically for this particular application (and whether people like having significant portions of the desert ripped up to allow for its application).
I also personally am by no means an instant fan of endorsements by Jay Taylor, so there’s that tiny negative in my mind, but he’s not necessarily always wrong. Novo has some smart people behind it and alliances with or investments by a couple of significant corporations (KL, Sumitomo), but its management has been a little promo-happy once or twice.
My guess is some newsletter writer with an excited following just wrote it up–or was it just Jay Taylor’s work?
(Disclaimer: I bought a bunch of it really low and some when it went even lower before it became a hot stock, sold a hefty chunk as it started to come down, and hold a chunk. I considered selling more today, but the gambler in me held sway. In any case, I have reason to want people to buy it.)