Novo Resources Corp T.NVO

HERE'S SOME MORE UPSIDE FOR YOU - KARATHA

[mrbubba]

I think somebody said at some point there's a million cubic meters of ore that would need to be excavated per square kilometer? If so, see the numbers below. Assumptions: Gold stays at about 1,800 per ounce and the pulls from the sorter at Karatha are on the LOW end. Heaven help us if gold goes to 3,000 per ounce or the sorter is very efficient. Yes, I know - let's wait until this dog is producing 100k ounces per year first ..... can't argue with that, but I do like to dream. And this ain't even counting Egina or Beaton's Creek. 

KARATHA VALUE TO SHAREHOLDERS (55% of NOVO'S PROPERTY)
(NOTE: One cubic meter of iron ore weighs 5,500 lbs (2.75 tons))
Total Cubic Meters (tenement is 7600 sq km)	7,600,000,000.00
Pounds per Cubic Meter	5,500.00
Total Pounds	41,800,000,000,000.00
2,000 Pounds per Ton	2,000.00
Total Tons	20,900,000,000.00
Mass of Concentrate as a Percentage of Total
(per November 2018 News Release)	0.25%
Mass of Concentrate in Tons	52,250,000.00
Grams per Ton (per November, 2018 News Release -
the range was from 92.4 gpt to 792 gpt)	92.4
Total Grams	4,827,900,000.00
Grams per Troy Ounce	31.1035
Total Ounces	155,220,473.58
Profit per Ounce	800.00
Total Projected Profit	124,176,378,864.12
Novo Shares Outstanding	265,000,000.00
Value per Share	468.59
Price Earnings Multiplier (10 maybe?)	10.00
Projected Share Price from Karatha Resource Only	4,685.90

[ValuePro]

Give it a break, Bubb.  I know that playing with numbers as you are doing is fun, but it is quite divorced from reality and does not excite anyone but you.  Most of us here are positive about Novo's prospects, but we don't need over-the-top cheering sessions from a novice mining investor, please.