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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 Fabrix72on Nov 10, 2021 7:24pm
58 Views
Post# 34112705

RE:Jimbowie on Novo's future

RE:Jimbowie on Novo's futureCongratulations Wisguy!..

Have you told your wife how much money you are losing?



WisGuy1 wrote: @jimbowie Congratulations to all long-term Novo holders.  This is the start of what we've all been waiting for.  Remember that the first bulk sample at Purdy's Reward was run through an ore sorter.  Ore sorting has been QH's vision since 2017.  QH had Novo stake huge swaths of the Pilbara based on his belief that the nuggety gold systems found throughout the Pilbara would be amenable to ore sorting at a cost of around $600 an ounce U.S.  The Wuhan flu set his vision back but now it starts to come to fruition.  In mid 2023, PRCW will be contributing 50,000 ounces per year.  In 2024, 25% the ore run through the mill will be from PRCW and exceed well over 10 gpt, around 150,000 ounces per year. And that doesn't include anything for Egina which could easily be 100,000 per year by 2024 if Novo can get the necessary approvals.  Hang on to your stock, it's a 10 bagger in 2 years or less.


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