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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 > Nullagine Gold Project Production Update
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Comment by Mineshackon Oct 13, 2021 1:32am
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Post# 33999794

RE:RE:RE:RE:RE:RE:Nullagine Gold Project Production Update

RE:RE:RE:RE:RE:RE:Nullagine Gold Project Production UpdateRainman1.May I respond to your question also with a humble approach.

I think it depends on how much of the operations you want to include as a measure against cash to arrive at a cost estimate. Novo is both a mining/production company and an exploration business. If we include all of Novo's activities in the calculation, then it seems reasonable to divide the Quarter 3 Cash Position loss of $1.9M by the same quarter's 478,000 tonnes production. That would be a cash loss of $3.98 per tonne.

Of course that leaves out the value that exploration, investments and other developments have gained. Makes me wonder what this type of cost estimate could achieve?
 


Rainman1 wrote: May I humbly ask you or anybody whether Novo's mining operation is viable/profitable at an average grade of  1.3gmt? What is their cost per ton?


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