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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 DenisEatsNYCon Sep 08, 2020 1:11pm
119 Views
Post# 31520755

RE:QH response to Tx post

RE:QH response to Tx post
WisGuy1 wrote:
QH response to  Tx post about mill operations:
 
Tx: QH is always optimistic.  It's a much better driver than pessimism.
 
Tx The mill was operational when It went into Care and Maintenance.  The question is really if Novo can perform the modifications they want prior to the restart-up.  I think by year's end is reasonable.
 
QH: Absolutely can 
 
Tx: And as I mentioned yesterday, the mill upgrades that MOY was pursuing are no longer problematic.  That's because they won't be pursued.  Likely ever.  No technical difficulties there.
 
QH:He is correct, we do not need any of the complicated stuff they were trying to use.  Only need to add a beefier gravity circuit for the coarse gold
 
Tx: But a mill recommissioning is only one aspect.  It's the indication of profitable gold output that will drive the market.  That's what's really needed - the initial sign that a significant scale and positive business model is at hand.
 
QH: Correct, and we can achieve this
 
Tx: That may take to Q2 or Q3 of 2021.  And that's what I am looking to see.
 
QH: We should get a good indication by Q2

Thats a right. And no a movement in a the shares today so we wait and a see. No more a reada between the lines eh. 

In the meantime Denis he play Busta tonite. You watch , I gonna Busta him up a good. In a NYC eh. Tennis.


Le Chapeau
Bullboard Posts