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 > HERE'S SOME NUMBERS ON EGINA - JUST FOR THE BASJERS

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Post by mrbubbaon Dec 21, 2020 5:42pm

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Post# 32157669

HERE'S SOME NUMBERS ON EGINA - JUST FOR THE BASJERS

EGINA VALUE TO SHAREHOLDERS (7% of NOVO'S PROPERTY)
(NOTE: This assumes we can do the same at Egina as Karatha)

Total Cubic Meters (tenement is
7,600 sq km)	948,000,000.00
Pounds per Cubic Meter	5500
Total Pounds	5,214,000,000,000.00
2,000 Pounds per Ton	2,000.00
Total Tons	2,607,000,000.00
Mass of Concentrate as a
Percentage of Total (per
November 2018 News
Release)	0.25%
Mass of Concentrate in Tons	6,517,500.00
Grams per Ton (per Novem-
ber, 2018 News Release -
the range was from 92.4
gpt to 792 gpt)	92.4
Total Grams	602,217,000.00
Grams per Troy Ounce	31.1035
Total Ounces	19,361,711.70
Profit per Ounce	800.00
Total Profit	15,489,369,363.58
Novo Shares Outstanding	265,000,000.00
Value per Share	58.45
Price Earnings Multiplier
(10 maybe?)	10.00
Projected Share Price	584.50