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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 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

Bullboard Posts
Comment by RustyRelicon Oct 19, 2020 5:48pm
99 Views
Post# 31745339

RE:RE:RE:RE:.27 GRAMS PER TON ?????

RE:RE:RE:RE:.27 GRAMS PER TON ?????
mrbubba wrote: Fine, but you're still not responding to the math of Bowie/Krush - they're math looks correct to me. Converting cubic meters to tons is not responsive to their initial post.

And, has Kirkland Lake officially stated that they believe the Egina is not what it's cracked up to be? Have they stated a reason why they sold, other than they might need the money for another project?

I converted to tonnes because I know grades per tonne, not in meters, because thats how mining contractors work, based on a scale, not the size of a pile or a hole in the ground. I am a contractor. It is also how nvo will pay their contractors unless they plan on doing it themselves. And it will not be economic. Tell that to Bowie and Captn Crunch who know nothing about anything along with everyone else on that board.

Kl has 1$B in the bank and no debt. They arent selling because they thought nvo was going to be wildly economic I can tell you that much.

R
Bullboard Posts