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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 Fabrix72on Jul 11, 2022 3:55pm
172 Views
Post# 34816076

Enjoy

Enjoy @fingerprint42 Fabrix72: I am in writing and quite comfortable with saying I believe they will produce 125,000 to 150,000 ounces a year once in stable operation at a cost of $800 to $900. I'm real sure those are what I have said in the past and I'm comfortable with. I want to add one comment to the excellent research from lucbucker. By the time the slurry is reaching the fifth and last tank, all the gold has been pulled out. So in theory they can put 20% more material through. And obviously the gravity circuit is all up front capital, the operating costs are near nil, so the cost per ounce of gravity gold compared with the cost per ounce of cyanide produced gold is far cheaper and you produced a steady state grade which is easier for the cyanide and for anyone who understands how cyanide works, it dissolves the gold to nuggets are a big negative for the circuit. In my opinion the team is doing a great job and I am confident that investors are going to be thrilled with the numbers and the profit. The trolls on the other hand from #nvo, 28 Mar 2021, 23:07. @fingerprint42 Fabrix72: They had a mill and they had almost a million ounces of 2.0 gram plus material at surface. It is not rocket science. Even guys as dense as you ought to be able to figure it out. They had all the numbers they needed. You on the other hand need a crutch. If you will notice, I have forecast the production cost months ago and pretty much nailed it. 11 from #nvo, 31 Mar 2021, 21:42. @fingerprint42 Fabrix72: You remind me a lot of George Bush Junior. You think you are smart but you lack all sense of curiosity. To get the loan Novo agreed to do a PEA. They could have needed to extend the loan so they spent the money and no one seriously believed it was important except perhaps you. And by the way, my estimate is well short of the AISC, I wasn't being a parrot. Actually if you figure $100 rock and 15 tonnes or so for an ounce and $60 a tonne for mining and milling, well, you could figure it out yourself if you were seriously interested in having a feel for the numbers. It's not really rocket science. But I think grade will be higher and costs lower and only time will tell. 10 from #nvo, 31 Mar 2021, 22:46. @fingerprint42 Fabrix72: You are probably the best guy to answer this question because it is a subject you are probably most familiar with. Why is it that the trolls all feel an unlimited right to lie? But since you have put your opinion in writing, please come back in a few months and either rub our noses in it or apologize for being so stupid. Don't let the door bang you in the butt on the way out. 11 from #nvo, 1 Apr 2021, 19:22 13 from #nvo, 4 Nov 2021, 00:05 @Fabrix72 @fingerprint42 Chirp chirp chirp...you have been wrong on everything and insulting people is just a funny way to show your education and style...poor man.. from #nvo, 4 Nov 2021, 01:18 @Fabrix72 @fingerprint42 "125,000 to 150,000 ounces a year once in stable operation at a cost of $800 to $900"... from #nvo, 4 Nov 2021, 01:24 @Fabrix72 @fingerprint42 "please come back in a few months and either rub our noses in it or apologize for being so stupid. Don't let the door bang you in the butt on the way out. from #nvo, 1 Apr 2021, 19:22"...
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