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 > @tradeahead

<< Previous

Bullboard Posts

Next >>

Comment by Dormie18on Jun 23, 2021 1:35pm

161 Views

Post# 33435083

RE:@tradeahead

From@Tradeahead, CEO.CA

"POST AGM cash flow calculation:

100.000 ounces sold at 2.293 = 229,3 million CAD, to be achieved soon.

The mill costs 10,7 to run. (actual number, May, from the company)

A cost structure of 128,4 vs. 229,3 million in revenue, a profit of 100,9 mill. CAD.

Now, if one thing is for sure at NVO, it is that there is gold for decades to come from many projects throughout 14,000 m2 of land. Many new targets just announced at AGM.

A free cash flow of 100,9 million should realistically be valued at a multiple of 20.

20x 100,9 = 2,018 billion. Add to this other assets of 204 million. And a presumed but not recorded future value of Elementum3D adjusted to 80 million.

And we are at 2,302 billion.

This is A) before value created through exploration. B) before value created through IP (QH). C) before future production growth exceeding current PEA. D) before real permitted systematic Karratha/Egina production. E) before value of other land. F) before potential De Grey type discoveries and Fosterville type discoveries at Malmsbury G) before the coming rise in the gold price.

NVO should trade at 9,43 dollars CAD given what we know now. With a solid arrow pointing higher."

<< Previous

Bullboard Posts

Next >>

Mastering options Greeks: Essential knowledge for informed trading