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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 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

Post by WisGuy1on May 11, 2022 7:25pm
256 Views
Post# 34676041

From Shanplus43

From Shanplus43
This is really crazy valuations.
 
When Novo moves to the Fresh from the oxides, they will have grades 2+ gpt and that should translate into 100,000 Oz for 2023. Operating profits should be USD100 M or therabouts at current gold prices. Given that the overburden of oxides have been removed already and the haulage roads are in place, costs should be less than what it is today. Must be really crazy to sell. 
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