Novo Resources Corp T.NVO

simsalabim

[HuberPeter]

Steinert, Tomra and X-ray convert 1 g/t to 100 g/t  Au almost without dilution through all size fractions.
https://www.novoresources.com/news-media/news/display/index.php?content_id=380

Looking forward for the karratha assays later this year. because of the size of nuggets results could be similar to Egina.
https://www.novoresources.com/news-media/news/display/index.php?content_id=419

Could be a gamechanger especial for karratha where the transport to nullagine should be profitable. At egina - what i know - novo takes another approach for processing.
Much work to do. Alone licensing mining for large bulk samples will take about 2 years. Many challenges: grade consistency over greater terrace, water, aboriginals, permitting and so on.
 
Peter

 

[Harmonicka]

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[Harmonicka]

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[Harmonicka]

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[TXRogers]

I remember dozens of "Kathy Woods" types in 1999.  Real market geniuses, and then POOF - they were gone.  Never to be heard from again after the dust settled from Tech Wreck 2000. The only thing that was transformational about them, was their careers - all turned to smoke and blown away. Tx

[Harmonicka]

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[HuberPeter]

Yes, simsalbim is a magic spell in german. Sure you are right, 1 g/t in situ ist 1g/t. BUT: it is not about the insitu value. It is about the head gread for processing and the transport costs. More headgrade, much more production with same tpd. less mass less transport costs. @beatons creek trade of dilution and mass reduction is not favourabe. In addition deposit is near milling. Therefore

[Harmonicka]

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[HuberPeter]

i don't get you. Many classic open pit mines work with Grades less than 1 g/t. Alluvial deposits with much lower grades of about 0.3 g/t. Grade is not always king. Size matters too ;) why do you think BC will not work profitable? peter   

[Harmonicka]

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[HuberPeter]

Tpd is Important for IRR. But novo has the mill. Relevant are Cash costs. And with 2 g/t I have no fear. Conglomerate or not.  Q.H should have made DD while waiting for bankruptcy of millenium. M. Spreadborough with good reputation went on board of directors. Some insider buying too. And that all in the critical phase of ramping up. Confidence is high that BC works. we will see soon

[Harmonicka]

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[ronreagan]

QUESTION: Why would "Chicken Little" be invested in Novo Resources? Are ya here to "save us from ourselves"? How magnanimous of you. Somebody PAYING you to be here? Honestly, we are all big boys and girls and can make decisions for ourselves. With all the facts and information that has been disclosed to date, if you want to point out some REAL "issues", then

[BuccaneerBoris]

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[BuccaneerBoris]

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[ronreagan]

In fact, I have not - but then again I am not bashing this stock and am placing my confidence in QH and other professionals who have.  Other than the multiple IDIOTS who trapsed around the Pilbara the last 100 years saying the conglomerates cannot be mined, only to be embarrassed by a Colorado School of Mining graduate, please produce the name of a real geologist who still takes that

[BuccaneerBoris]

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[ronreagan]

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[BuccaneerBoris]

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[BuccaneerBoris]

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[HuberPeter]

You compare Apples with oranges in the case of marlatic mine.  1.8mt p.a. is a small mill in nullagine. But together with excellent open pit grade and the the current Ressources it is Perfect for novo, 120k-140k oz per year will be a nice FCF.  Marlatic has about tenfold capacity. 1.1 gpt reserves. You can divide it by two when you compare with novo because of half grade. Then the

[BuccaneerBoris]

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[BuccaneerBoris]

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[HuberPeter]

they changed because they know a PEA with such low Ressources would be much to weak (IRR) to get financed the capex. Particularly in times of weak gold price. in addition the inability to prove Ressources economically because of nugget ore in a traditional Jorc Standard.  I wrote twice the purchase of the mine was the best strategic move they could do. That changes everything when it works

[BuccaneerBoris]

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[Popeye82]

seems you do not see the Elephant in the Room.