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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 Redflameon Jul 23, 2020 8:19pm
77 Views
Post# 31311482

RE:RE:RE:RE:RE:RE:RE:THH: Egina Evolving

RE:RE:RE:RE:RE:RE:RE:THH: Egina Evolving
TXRogers wrote:

 

Redflame wrote: Geez Tx, the australian gold price is $2,838.  With all the problems MOY was having, it still had an AISC of $1850 an ounce in the last quarter of production.  Imagine if IMC spent $200 million for new equipment and a mgmt that knew what it was doing?  There is over 1 million ounces of P &P and another 1 million of M & !.  Pre tax profits of $1,200 an ounce.  Net $800 an ounce.  $1.6 billion in profits.  Could keep the plant on idle for a few months with that kind of money floating around.   Don't think Novo is offering anywhere near that.  Somethings gone haywire with the negotiations.  What could they be arguing about after all this time negotiating?  

 

 

Arguing about what?  That's interesting terminology.

Are you familiar with this classic phrase?:  You can bring a horse to water, but you can't make it drink.  

And what good is a horse if it can't drink?

If you're so curious where the legally accessible water lies, the aquifer is on the other side of the fault.  Care to guess who controls the lands on other side of that fault?

While the enlightenment financial house to which you refer may now be studying ore processing, they surely neglected to notice that employees of their mill investment had been illegally draining nearby ponds to water a sick horse.

We are always graced by your presence during a PM market correction.  Like clockwork. By any chance, are you employed in the financial sector?  It would explain a lot.

Tx
 

 



Well Tx, you continually  reveal who you really are, an insider.  The only way a poster on Stockhouse would know if MOY illegally used water was that the poster was a employee of Novo or a member of Australian government.  A tatooed biker in Japan would have a difficult time finding out about what side of the fault lines water was plentiful on.  So who do you represent? Hennigh or Kirkland Lake?  You know too much too early for an outsider.  Your predictions about events both small and large have mostly come true over the past four years.  Can't fault you for pushing the Novo line, you're obviously getting some benefit from it just like I might get a benefit from raising questions.  Hope you or I  don't take a lot of investors down with us.

God my spelling is terrible, my grammer weak and my typing errors numerous.  Sh!t to get old.

Best

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