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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 6,700 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 lithium joint ventures with both Liatam and 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

Post by WisGuy1on Jul 16, 2021 8:07am
172 Views
Post# 33558204

@Tradeahead

@Tradeahead@Tradeahead @farmer  There is ZERO basis for expecting a Millenium style outcome. reasons A) The ore is not the same B) Mill. was running their operation in a suboptimal fashion C) Mill. did not have NVOs Pilbara 14000 m2 to feed the mill D) Mill. did not mine oxides E) Mill. did not have oresorting as a viable method going forward F) The mill itself is now much more efficient after a profesional upgrade than it was when Mill. ran it, the team was surprised at how much better G) Recoveries are better H) Gravity circuit is different in performance I) Chrysos will give NVO an edge optimizing ore J) BC is already cash flow positive early in the runup, K) NVO has other types of gold targets, in both Karratha, Egina, potentially Malmsbury, potentially De Grey style, Talga Talga with higher grade L) NVO has QH and RH who operates on a completely different level relative to Mill., M) NVO expects to run the mill at a higher throughput, N) NVO is much more solid with 240M in cash and securitires, which offer a much higher degree of operational freedom than Mill. ever had etc. etc.
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