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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 GildedWillie1on May 09, 2023 9:43am
130 Views
Post# 35438255

RE:RE:New Press Release - Novo Resources: Drilling Underway at Highly Prospective Becher Project

RE:RE:New Press Release - Novo Resources: Drilling Underway at Highly Prospective Becher ProjectFascinating isn't it! Perhaps someone values the Mill at Nullagine , but as they have clearly given up on exploration in that area , even for the real gold in ore bodies rather than the conglomerate wet dream,  the mill has negative value rather than positive.  Because all the real ore in the region is refractory, needing POX, a technology well beyond the budget and capacity of NOVO. So unless DEG buy some bits for spare parts to build the Hemi mill, it will be a pile or scrap metal that will have to be removed.  REAL VALUE is likely in the negative territory, but the dream of striking it lucky  at Becher is propping up the last hurrah. Who knows,  it's certainly a good potential location,  but given its a well known outcrop historically , chances are that the earlier exploration companies didn't miss anything significant.  6 months will tell all.   
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