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

TSX:NVO - Post by User

Novo Resources Corp

Bullboard Posts

Comment by Austrian007on Jan 19, 2020 9:26pm

107 Views

Post# 30571915

RE:RE:Beaton's Creek Production

I presume there wouldn't be too much competition to Novo's bid for the mill... how long do u think it would take to get this MOY issue sorted out..? Are we talking about weeks or months..?

Cheers,

TXRogers wrote:
There may be a little more desired from MOY than just the mill (which is an obvious focus).

The value of an asset in receivership is not so much recovering the original costs (next to no chance of that), but to offload the asset at the best price and eliminate any future costs. The "lipstick on a pig" strategy.

And the lipstick includes a formula for positive economics that were not attainable for MOY in its current state. A mill deal may need to be sugar coated with other prospective assets that MOY no longer has any finanical capacity to pursue or develop.

So, specific to a mill: It's value to Novo will be defined by ore feed and respective gold output. And that's what NVO must stand firm upon: an asset package that will ensure maximum utility of all lemons offered for sale at the MOY Receivership Lemonaide Stand.

Tx