Ann: EnviroGold and Novus Gold sign LOI , page-8

Interesting

http://www.novusgold.com/i/pdf/Powerpoint%20PresentationNovus-Oct24-10.pdf

Novus is a tiny Canadian company with only abut $1m in cash. Not sure where they would get $30m to pay for 50% of EVG's plant. Novus is basically reliant on EVG for its own success.

Win-win deal for two toddlers if Novus' tenements prove to be the real deal. EVG better do a bit more exploration before it over-commits on this deal. I wonder how the costs of the exploration will be shared/funded by Novus?

loki