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 firewitchon Apr 16, 2020 9:42am

168 Views

Post# 30915729

RE:RE:RE:News

TXRogers wrote:

XHamster wrote:

XHamster wrote: https://ca.finance.yahoo.com/news/novo-reports-broad-gold-bearing-121744696.html

That works out to .64 gm/t.

I would go for the chinese cookie factory.

XHam

Actually, break even is around .2 g/t from memory. Not so bad.

XHam

Australia $ at near $2700 / ounce of gold. It's just fine.

Especially if AISCs can be kept below $800. And it could be much lower than that.

Tx

I agree .Although they say grade is king ,and to a degree thats true ,but it doesnt always have to be so . Its all about the economics . The time is right NOW . Scale creates wealth in itself . All the stars are aligning for Novo to create a ‘Monster’ . Thats NOT one of the ‘Cookie’ variety BTW :-)
Think BIG xHam....I know you can do it . Scale as in SIZE ,NOT Guitar SCALES :-))
FW

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