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.

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Novo Resources Corp > Tradeahead

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Comment by PilbaraDoreon Nov 12, 2021 12:08pm

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Post# 34120052

RE:RE:RE:Tradeahead

BuccaneerBjarne wrote:

ValuePro wrote: "The reason I think it is great, is that while 1.34 g/t is economic, it is just economic, and preferably need a bit of improvement in g/t going forward."

Really, who cares when POG is in a rising market, one likely to continue for a long time. The question is, where is the top? 2,200 dollars? 2,500 dollars? Three thousand? It all means Novo has better leverage to the price of gold than many of its competitors.

VP

The putz only looks at one side of the balance sheet also. The assets side.

Gold up means costs up means no change in profit. Things are sold at the margin. Economics 101.

Bucc