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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

Novo Resources Corp > on the jay taylor interview,
View:
Post by lsjblade on Feb 24, 2021 2:17pm

on the jay taylor interview,

just love it when they say the word ''dividends'', and QH didn't shy away from that, saying that all of those subjects will be addressed after the PEA is out on BC,on a further interview, lets say, 100 ,000 ounces at 2000.00 with a aisc of about 800.00 that means 120 million in profit,, lets say they reinvest 50 in drilling and further exploration, that means they could give 70 back, / 230 million shares = .30 a share.... that would be a nice start... would bump up the share price to 6-7 $
Comment by ronreagan on Feb 24, 2021 3:13pm
QH has stated that Novo will pay its debt off first before they think about issuing dividends.
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