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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 10:53am
85 Views
Post# 32837520

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

RE:RE:RE:RE:RE:RE:RE:RE:The Short-term Share Price Is Irrelevant 💪 The first pour was from a low grade historical pile on the property. They have been passing the newly excavated regular mill run material for at least 3 weeks.

In the light of the above, the directors would be between a rock and a hard place if they published a PEA within the last15 days from the Q1 production numbers, for the following reasons:-
  1. If they know that the actual grade being mined is stock price sensitive, then to release a PEA before Q1 production numbers, without divulging  the actual Q1 grades, then it would be prejudicial to investors.
  2. Alternatively, if the PEA is released, simultaneously, or following the production numbers, then it would again be prejudicial to investors if actual grades are not given the highest weighting in the PEA.
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