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.

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Novo Resources Corp > From Shanplus43

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Comment by Fabrix72on May 12, 2022 1:55am

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Post# 34676660

RE:From Shanplus43

Aren't you tired posting always the same b@llshit?

WisGuy1 wrote:

This is really crazy valuations.

When Novo moves to the Fresh from the oxides, they will have grades 2+ gpt and that should translate into 100,000 Oz for 2023. Operating profits should be USD100 M or therabouts at current gold prices. Given that the overburden of oxides have been removed already and the haulage roads are in place, costs should be less than what it is today. Must be really crazy to sell.