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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

Novo Resources Corp. is a gold explorer focused on discovering gold projects. The Company is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. It has a land package covering approximately 6,700 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. Its key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration. The Company is also advancing gold exploration at Nunyerry North. It focuses on undertaking early-stage exploration across its Pilbara tenement portfolio. It has also formed lithium joint ventures with both Liatam and SQM in the Pilbara which provides shareholder exposure to battery metals. Its Belltopper Gold Project comprises the adjacent Malmsbury and Queens projects.


TSX:NVO - Post by User

Bullboard Posts
Post by thebeek02on Aug 28, 2014 12:33am
220 Views
Post# 22884960

Mill is full to capacity

Mill is full to capacityProblem is poor grades at millenium that aren't paying the debt, even with their $1500/oz hedge.
Be interesting if Novo could ship them their shallow higher grade, in exchange for the dozers and crew to dig it out? Would that $1500 hedge stay in place with gold from 5 miles away, but still from millenium dirt? ha . Sorta fun to dream. 
I don't believe Brian's jumping to Novo ship this quickly.. maybe just making room for a Creasy or Newmont company man?... still in reverie here! but I suspect nmt, creasy, and hennigh are having some fun sitting down together.
We will know soon enough. 
However, I am continuing to stay concerned with too many choices available here, with never enough money to do Them All asap! From kangaroo pasture, to drill test, to evaluation, to dozers, to shipment, to milling, then processing. I'd rather have $50+ mil. in the bank to burn, turning more drill bits to the right!
LOL.
Bullboard Posts

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