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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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Post by Monkeydonkeyon Mar 15, 2018 3:40am
429 Views
Post# 27718237

CW my best/worst case scenario's

CW my best/worst case scenario'sHad some free time, so i had a little fun with numbers. Just to check novo's valuation at the moment.

CW: 6km - 1km
PPZ: 0.5m 30g/t = 7.5 Moz
Lower conglo: 8m 15g/t = 60.5Moz
Best case: 68Moz

PPZ: 0.5m 5g/t = 1.25Moz
Lower conglo: 3m 3g/t = 4.5Moz 
worst case: 5.25Moz

Using my worst case scenario, Novo's is valued correctly (using only CW). Using the best case its a 10bagger. Truth will be somewhere in the middle. I'd put CW at around:

CW: 6km - 1km
PPZ: 0.5m 15g/t = 3.75 Moz
Lower conglo: 4m 7.5g/t = 15.125Moz
Realistic case: 18.875Moz

Fair valuation for Novo (imho), just shy of 2.5B cad or circa 12cad (fully diluted).
Note that herefore i am using a situation that still has to be proven, but i am only using 0,05% of their total land holdings...
Bullboard Posts
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