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Bullboard - Stock Discussion Forum 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... see more

TSX:NVO - Post Discussion

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Post by FishFace52 on Aug 10, 2020 9:52pm

Expect

mining to commence several months before they fire up the mill. They will want a few hundred thousand tonnes of stockpile at the mill. The last thing they want is a mill running st 50%. It just costs more. A couple months of mining prior to milling. 

Thats just the way it works. 

FF

Comment by FishFace52 on Aug 10, 2020 10:07pm
18 months would be a reasonable time to normally get something like this up and running. That doesnt mean they cant do it in say 12 months, but I doubt they can do it in 6. Equipment, manpower, even if they subcontract the mining out the contractor has to gear up and thats after the pit design and planning phase, rfp, awarding etc. Longer if they want to do it themselves.  And then there are ...more  
Comment by TXRogers on Aug 10, 2020 10:36pm
Courtesy of MOY, There is ore previously delivered from their respective mining sources to a 150,000 tonne capacity stockpile where it's been re-handled and intended to be fed into the ROM (run-of-mine) crusher feed bin.  Separate smaller stockpiles exist and account for varying material hardness and grade, allowing for blending and process optimization.   Tx
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