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

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 BucccaneeerIsndon Jul 11, 2022 11:51am
129 Views
Post# 34815300

This time its different

This time its differentThe pea used estimated costs from existing mines and estimates of other miners going into production. But, if one were to believe Henry, no other miners have tried to mine conglos. Flat pancake layers seperated by waste, and most of it under overburden and not at surface.

This time around the consultants will rely heavily on nvo's mining costs for oxides then tack on extras for more strip, rising costs, and a now declining pog. Nvo's own experience with oxides is the closest comparable, and not the costs of other miners not mining conglo layers.

Through the grapevine youre looking at at least 9 months more of review with no gaurantee of approval and even if its approved it wont be economic. 


https://www.youtube.com/watch?v=hT_dJhtspu4


Buccanomics
<< Previous
Bullboard Posts
Next >>