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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

Comment by JRafflesUKon Mar 19, 2021 6:02am
106 Views
Post# 32835929

RE:RE:RE:The Short-term Share Price Is Irrelevant 💪

RE:RE:RE:The Short-term Share Price Is Irrelevant 💪 The PEA will be of most value to investors when one scenaria, not neccessarily the base case, is based on the ACTUAL GRADES achieved in 2021 Q1. 

In contrast, a PEA based entirely on historic NI 43- 101 numbers would be less relevant when gold is being poured in Q1.

Moreover, what if the actual grade at Beatons Creek is comming out close to 6gt achieved on samples previously taken by QH.  In this scenario, it would be misleading to issue a premature PEA, when the production reality in Q1 is likely to be the best indicator of future grades.

In summary, I would be surprise dif a PEA were now to be issued before the Q1 production grades are announced.
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