Novo Resources Corp T.NVO

From Shanplus43

[WisGuy1]

This is really crazy valuations.

 

When Novo moves to the Fresh from the oxides, they will have grades 2+ gpt and that should translate into 100,000 Oz for 2023. Operating profits should be USD100 M or therabouts at current gold prices. Given that the overburden of oxides have been removed already and the haulage roads are in place, costs should be less than what it is today. Must be really crazy to sell. 

[Perambulator]

Must be sad to be a simpleton and believe the post originally written by someone who is clueless. The gold bearing conglomerate is in layers. Where the layer is not covered by much dirt then that layer weathers and is called the "oxide". Where the covering is deeper then the layers are protected from weathering and are called "fresh". Once the "oxide" has been mined

[Fabrix72]

Aren't you tired posting always the same b@llshit?