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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 JRafflesUKon Mar 19, 2021 10:53am
77 Views
Post# 32837520

RE:RE:RE:RE:RE:RE:RE:RE:The Short-term Share Price Is Irrelevant 💪

RE:RE:RE:RE:RE:RE:RE:RE:The Short-term Share Price Is Irrelevant 💪 The first pour was from a low grade historical pile on the property. They have been passing the newly excavated regular mill run material for at least 3 weeks.

In the light of the above, the directors would be between a rock and a hard place if they published a PEA within the last15 days from the Q1 production numbers, for the following reasons:-
  1. If they know that the actual grade being mined is stock price sensitive, then to release a PEA before Q1 production numbers, without divulging  the actual Q1 grades, then it would be prejudicial to investors.
  2. Alternatively, if the PEA is released, simultaneously, or following the production numbers, then it would again be prejudicial to investors if actual grades are not given the highest weighting in the PEA.
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