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.

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Novo Resources Corp

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Comment by BillysBlckStraton Sep 15, 2020 10:20pm

230 Views

Post# 31565117

RE:RE:RE:Tx, Novo 2021 AISC, cash flow, and P/E guesstimate?

BillysBlckStrat wrote:

GoNovo2014 wrote: Update: Tx, I have just confirmed that in the Crux interview from Feb 11, 2020 QH guessed AISC for BC will be $800-$1,000/oz.

GoNovo2014

GoNovo2014 wrote: Hi Tx,

I think I read somewhere that Novo's will be producing about 100,000 oz in 2021. What's the AISC for BC? $800-$1,000 USD? Assuming a gold price of $2,000 USD/oz, what then would be your guesstimate of its cash flow and P/E?

GoNovo2014

Yeah yeah, but he wont know until they get there. An interesting question though. A person who is not off to bed for the night could pull up some examples of 100,000 to 150,000 oz/yr open pits to see what their costs are.

Heres one, but the grade is 5.3 gm:

Mt Cartlon reaching between 70 000 oz to 75 000 oz, instead of the original guidance of between 95 000 oz and 105 000 oz for the full 2020.

The lower production at Mt Carlton is expected to result in the all-in sustaining cost (AISC) to increase from the previous guidance of between A$800/oz and A$850/oz, to between A$1 150/oz and A$1 225/oz

BBS