Bullboard - Stock Discussion Forum Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

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

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TSX:NVO - Post Discussion

Novo Resources Corp > Keep cranking it out

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Post by Buccaneersllnd on Jul 20, 2022 6:23pm

Keep cranking it out

At a larger and larger loss with each passing day. Shutting it down today would make too much sense.

I wonder if this is good for the pfs:

https://www.mining.com/gold-price-sinks-below-1700-ahead-of-key-central-bank-meetings/

Bucco

132

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Comment by Perambulator on Jul 21, 2022 12:40am

I have seen companies mining and processing at a loss before, but in EVERY case they had a plan to improve recovery by trying new methods or additional processing or the promise of higher grade ore just around the corner. I have never seen a company just keep producing at a loss without a plan to improve production, and to keep it up for so long is just sheer stupidity. Not only have costs risen ...more

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Comment by Needles on Jul 21, 2022 1:25am

Scotty is running things. And Bones. Its called the Un Bre-x grace period. Gotta fool them folks. Shutting down 18 months after startup is better than shutting 4 months after startup which was when Henry decided to get out of Dodge. Ned

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