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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

Comment by TXRogerson Jul 01, 2020 3:56pm
106 Views
Post# 31213129

RE:RE:Basics of Engagement

RE:RE:Basics of Engagement

Redflame wrote: Tx, the fact that you reply to my posts and don't ridicule me like you do to some others provides all the legitimacy I need.  Thank you Sir!!!

I mearly point out random facts that aren't discussed much here.  I don't own this stock based on 1 fact.  The ore sorters haven't been proven in the field to sort out an acceptable percentage of the gold.  If  Novo can sort out over 90% of the gold at the top speed of the sorters during trial mining, then it's a $10 to $20 share price.  Processing a few 5 ton bulk samples won't convince me.  But running 20,000 tons on a continuous basis with no major problems would convince me.  I might buy in if the sorters work and the share price is around these levels.  Of course, if the sorters don't work as hoped, then Egina is almost worthless and the AISC will be much higher for the other projects.  These are facts people need to think about before they invest.  Most investors here know that but a few probably haven't thought it through.  Reading your posts and mine gives an outside investor a better idea of the risks and rewards.




Haven't you realized, kid?  Spare us the "no skin in the game" enlightenment chatter.

You were drawn out in a half dozen posts or so.  You're an amateur. That's what this board has concluded.

You blew it.  

Tx
 

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