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 > You woll like I translate dis for you?

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Comment by BetontheFed1on Jan 15, 2022 1:48pm

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Post# 34320495

RE:RE:RE:You woll like I translate dis for you?

BetontheFed1 wrote: Don't see how it can get much worse. The grade is 1.16 gpt? The PEA had 1.9 gpt average for the oxide and 2.9 gpt for the fresh. Is the PEA off by 40%? Is the fresh grade 40% less than the PEA. I thought they overhauled the whole plant for $63 million at the start of the year. Now everything is breaking down? They lost $10 million in the last month. I could see this going belly up like MOY.

I listened again, it can get worse. Having staffing problems and lack of supplies because of covid. Guess I can't lay this on QH but I can see this dropping to $0.75 canadian in the next few months.

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