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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 Wallstreet1112on Dec 01, 2016 1:56pm
435 Views
Post# 25541783

Nice discount. Bought more today

Nice discount. Bought more todayWhen Beatons Creek gets into production, these prices will look ridiculous.

I don't know exactly what the operating costs will be but Quinton has made it sound like it will extremely low...

Based on a FULLY DILLUTED market cap of  73MUSD:

Future Prod: 35 Toz
Future AISC: 550 USD
Free Cash Flow: 21.6 MUSD
P/Free Cash Flow: 3.4  

Bullboard Posts