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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

Metals & Mining Gold
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 5,500 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. 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 a lithium joint venture with SQM Australia Pty Ltd (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

Novo Resources Corp
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Comment by miner540on Oct 09, 2017 2:37pm
291 Views
Post# 26792302

RE:Calculation of NVO price

RE:Calculation of NVO priceInteresting analysis - a question on your numbers.  What assumptions are you using when you equate a 1B ounces resource to a $500 share price?

Assuming 200 million fully diluted shares outstanding at $500 - equals a market cap of $100B.  Therefore each ounce of gold is being valued at $100.

Is $100 per ounce a reasonable valuation considering the location, mining operations/costs for this type of resource?
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities