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.

TSX:NVO - Post by User

Novo Resources Corp > Spin

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Comment by TXRogerson Apr 29, 2021 9:50am

175 Views

Post# 33090148

RE:RE:RE:RE:Spin

HuberPeter wrote:
13m usd earning over about 2m. Would lead to about 5m negative CF in ramp up phase. Could be worse.

therefore I believe q.h that most of the money was for exploration issues and not part of ramp up issues

peter

Well Peter. Revenue immediately after a commissioning can only be positive. Is it enough? Never. Because growth always demands more.

And growth is an undisputed goal.

Tx

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