Novo Resources Corp T.NVO

@jimbowie

[WisGuy1]

@jimbowie This from today's NR: Both of these findings indicate good potential for enhanced gold recovery utilizing mechanical sorting and ability to treat finer crushed material. This implies that mechanical sorting can potentially treat all crushed material generated at Karratha. If you remember, the first sample from Purdy's Reward run through a Steinert sorter, sorted out 82% of the gold into a 2% mass pull. The entire sample then had to be re-crushed to 2mm to be assayed to get the remaining 18% of the gold. What this NR implies that the sorter can now get (I"m guessing) 99% of the gold in a mass pull of 3% on 1 pass through the sorter with no additional work required. Quite the change in the last 3 years. From 82% of the gold in 2% mass pull to 99% of the gold in 3% mass pull. So for every ton of ore you process through the sorter, you get a concentrate weighting 60 lbs. This concentrate would average 67 gpt assuming a head grade of 2 gpt. A truck can haul 22 tons a trip. That equates to 733 tons per day sorted, which one sorter can easily handle. If Novo wants to process 5,000 tons per day at Purdy's then it would need 6 sorters feeding concentrate to 6 trucks per day. 322 ounces of gold per day - 117,000 ounces per year. Looks like they have enough tons to operate Purdy's and Comet Wells for 30 years at 117,000 ounces per year. This is hard to believe but it's coming closer to being proven.


 If Novo added 120 tons per day at 67 gpt to run through the mill, it would increase head grade from 2 gpt to 3.5 gpt.

[oldfx1]

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[JuglarJoesph]

Some people are just no good at numbers WG. The sorter on order is a 400 tph. Lets say it actually runs at 400 tph, which it wont, and that it works 24 hrs a day, which it wont, it would process 9600 tpd, which it wont. At a mass pull of 3% for 99% of the gold (righto), thats 9600 x .03 = 288 tpd of concentrate. How he arrives at 733 tpd that one sorter can "easily" produce I have no

[TXRogers]

Take a step back, guys.   First and foremost is to confirm the process, and cost efficiency of the complete excavation / crushing / sorting cycle vs the resulting grades per tonne processed. Then you can play on the optimal number of sorters ,hauling trucks, etc.  required.   As of now, we still have no confirmed infield process.  But that will all come as the

[JuglarJoesph]

He got 13 likes for lousy math over on ceo and I cant even argue?  Back to Madmen season 2 then. January is hot.  JJ

[TXRogers]

There you go.  Time well spent. Tx

[JuglarJoesph]

Prostate intermission break MadMen season 2. So 288 tpd with the above assumptions, but they wont do anywhere near 400 tpd on average, thats the maximum capacity depending on the type of material processed, size, etc etc. Lets be very generous and say 300 tph (actual probly closer to 150 is my guess, the slower it goes the more gold you pick out I would assume). And lets say they actually work 2

[JuglarJoesph]

And not to be anal, but Jimbo is talking 2 g/t at PR when Q himself mentioned 1.5 during Crux, and according to Nina Simone who did the BC study dilution would be in the 30% range, prby more at PR/CW so head grade is really 1.5 x .7 = 1.05 gm at most. so now those 4.03 machines is really: 4.03 x 2 / 1.05 = 7.67 machines to get 733 tpd. And you need spare equipment to look after machinery