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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 BuccaneerrBillyon May 28, 2021 7:52am
138 Views
Post# 33284584

RE:Good morning Vietnam

RE:Good morning VietnamExtend the commissioning phase into yet another qtr. The expenses get deferred and end up in a note to the financial statements. They have to be brought back into the income statement once the "commissioning " phase is done. What the rules are exactly that determine the end of the "commissioning " phase are Im not sure. Mining acctng can be weird.

All to confuse people like TA and others and to not show a huge loss in Q3. But it catches up with you in the end. They tell the accnts they are still not at commercial production levels I suppose.

Anyway, more smoke and mirrors but I guess shareholders are used to that by now. Give them another pass WG. Yes yes, its normal startup.


Bucc
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