Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 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

Comment by BetontheFed1on Jan 18, 2022 10:47am
85 Views
Post# 34328401

RE:RE:RE:RE:QH and Novo

RE:RE:RE:RE:QH and Novo
rob1237 wrote:

This complicated company burns thru cash like a crack head on speed. Will this make a come back. Perhaps. The more important question is will they have money before that time. 

looks really bad and gold will need to go to $2,000 to pull thus out of the mud. 

the sorters...theres hope there..but limited.



Novo should start thinking about shutting down the exploration and only mine high grade areas of Beaton's Creek if there are any high grade oxide areas.  If the oxides show little or no profit, then shut down operations until the feasiability study for the fresh is done and mining approvals for the fresh are approved.  Novo needs to conserve cash until they can make a profit on mining and it doesn't look like they will anytime soon with the supply chain problems.  If the loan is called, then sell half the stake in NFG and pay it off.  Survive and pray that sorting can produce a profit.

<< Previous
Bullboard Posts
Next >>