Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
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

Privacy Policy | Disclaimer

Sign In

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

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
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.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 6,700 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 lithium joint ventures with both Liatam and 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 > Gross loss from mine operations
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(26)
•••
Comment by ValueProon May 15, 2022 10:25am
125 Views
Post# 34684766

RE:RE:Gross loss from mine operations

RE:RE:Gross loss from mine operations
"All in cost $ 2,244 avg. just a matter of time before they bankrupt."

That is probably correct if you assume that cost to be static.  It is not! 
. 
It is also likely to be true if this company had no other projects.  It has many.

You are also very close to the truth if you assume that the company is loaded with debt.  It has none!

What you predict could also be close to the truth if the company had no cash reserves.  It has around a hundred million US dollars available. 
 
Putting these few things together proves that you are not at all close to the truth.  It looks like you are "talking in your hat", as previous generations used to say. 

Now, why would you be doing that?
 
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities