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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 BetontheFed1on Apr 05, 2021 10:22am
118 Views
Post# 32936721

RE:Dollar INDEZ

RE:Dollar INDEZNovo takes forever to do anything.  We've known about buying a sorter to test Purdy's and Comet ore for almost a year and it's still not started.  Last I heard, some results might be available to the public in late 2021.  Sure it will happen, but not until mid-2022 as Novo shuts down for the "wet months".  Then the slog to get a mining permit, find contractors and ramp up.  It will take Novo almost a year from mill purchase to full production at Beaton's.  Will be worse for ore sorting as it's never been done.  Consider the need to crush, screen and sort out in the field.  Learning how to do that and then ordering or leasing the necessary equipment won't happen overnight.   If sorting works, that's a big if, then maybe Novo will produce some gold from Purdy's and Comet in 2024.  Until then, the share price is stuck in the mud.
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