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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
Comment by Millskingon May 12, 2018 6:06am
148 Views
Post# 28021870

RE:RE:RE:RE:RE:RE:RE:RE:Novo Artemis Kirkland Lake

RE:RE:RE:RE:RE:RE:RE:RE:Novo Artemis Kirkland LakeArtemis is a nickel/copper play that will have cobalt credit. Get the chocolate box and read through the cover. Prior to conglomerate gold the land package and the purchase of the plant is  a clear indicator of that . The gold circuit addition will services non conglomerate as well as conglomerate and for me was a smart move as the non conglomerate gold is near surface and a easy money spinner. I will be the sulphide plant will now increase in capacity to 1 million plus tons not including the gold circuit or they will build a heap leach facility...with radio hill was permitted for . The costings etc etc have already been done by fox . 

For those that don't know the history of fox , the biggest mistake was they hedged all their production to fund everything. Once the nickel price went through the roof they did not have enough capacity to take advantage of higher spot prices. Once the contract finished the nickel price crashed and the rest is history.

the milling grade was always consistently higher than head grade. The plant worked well. Fox should have added the second mill at the start , it was to late when they upgraded. 

2018 Artemis have cash , no need for hedging and the plant has had a birthday. 

Novo /Kl have a hell of a lot of work to do and to be honest if it's a sure thing that all of novo land is a gold slab why stuff around and just build a purpose build facility more central to the mining locations . 

Im more bullish on the base metals and feel some people are going to get caught out on this .,I don't think it's as big as what people think as far as economic gold is concerned. Some things are just not adding up for me. Hope I'm wrong .
Bullboard Posts