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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

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. The Company operates through two segments: care & maintenance operations and exploration operations.


TSX:NVO - Post by User

Bullboard Posts
Post by Austrian007on Mar 01, 2018 6:42am
310 Views
Post# 27642007

ounces at comet well

ounces at comet well

This is the way I see it..

Strike length of 2500m and a width of 500m. Assuming an average depth of 10m for the ore body though else where I have seen reports that it could be upto 30m. 

applying a density of 2.5t/m and a grade of 10gm/t (which I agree is possibly on the lower side).

So this will give us about 10MOz at comet well... which I think is spectacular.... especially given than their cost of extraction would be minimal at $200 to 250/oz. 

So we can expect a jump to atleast 10+ if not much higher when the sampling results are announced by mid-April... Even this would value NR at about USD 2B and remember that CW is just a small piece of the Novo pie at Karratha.

So great times ahead..

Bullboard Posts