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Bullboard - Stock Discussion Forum Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

Metals & Mining Gold
Novo Resources Corp. is engaged in evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. The Company explores and develops its prospective land package covering approximately 7,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia... see more

TSX:NVO - Post Discussion

Novo Resources Corp > Getting Close
View:
Post by BetontheFed1 on Sep 16, 2021 11:44am

Getting Close

If the price of gold drops another $100 Novo will be losing money on every ounce sold.  Not a good position when you've got loan sharks holding $46 million of your debt they can call at any time if the working capital drops below a certain point.  Novo would be forced to sell its equity holdings and close the plant down.  Can see a share price of  $0.10  if that happens.
Comment by BetontheFed1 on Sep 16, 2021 11:49am
Remember when QH said AISC at Beaton's Creek would be around $900 per ounce.  It will never get that low.  Maybe $1,500 an ounce.  What a crock of $hit.
Comment by BillyPistol on Sep 16, 2021 12:58pm
This post has been removed in accordance with Community Policy
Comment by goldenboycanada on Sep 16, 2021 10:20pm
Why you worry Betonthefuk for the share price? Do you have any shares?
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