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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 powderkeg2on Oct 26, 2020 10:10am
62 Views
Post# 31780847

RE:Revisiting Karratha

RE:Revisiting Karratha
Comments on this post and people are making the case that production is a long ways off in the future. I disagree. Once permission to mine these loads is granted then mining and concentrating the future ore can commense. This is slated to be done via mechanical sorting. It is easy to see multiple screening and mechanical sorting centers set up along this future ore body. The throughput of each screener and sorter(s) can be matched to the local ore and gold deposites. These centers are far less expensive than a conventional mill and the limiting resource is likely finding trained teams of workers to run them. Present value analysis discounts future income based on a depreciation. If we assume several screening and sorting centers, the number of years delay to capturing the income can be drastically reduced, when compared to standard milling.
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