Novo Resources Corp T.NVO

.27 GRAMS PER TON ?????

[mrbubba]

",27 grams per ton" is NOT what Jim Bowie and Kaptain Krush said.

They said said .5 grams per cubic meter, and that number seems to me to be conservative. Sampling released in January 2019 indicated "107.88 grams of raw gold were recovered from 95 cubic meters". For those mathematicall challenged, that would be more than 1 gram per cubic meter. I would also add that the professionals at Sumitomo tend to agree that the Egina is a good investment. Is there anybody here who has BETTER information than Sumitomo? Asking for a friend.

[RustyRelic]

Kl has better info and they are selling. Density 1.85  tonne/ m3. .5 gm in 1.85 tonnes =  0.27 gm in 1 tonne.  Who is mathematically challenged there pardner? Relic

[RustyRelic]

And if soumi is still spending money then it hasnt been announced. The last I heard from a Q interview in March soumi was having decisional issues regarding covid and the budget had not been set for the current year and last year's budget has expired. Im am less and less up to date though so perhaps there is more recent news on that of which I am unaware. Pardner. Relic

[mrbubba]

Fine, but you're still not responding to the math of Bowie/Krush - they're math looks correct to me. Converting cubic meters to tons is not responsive to their initial post. And, has Kirkland Lake officially stated that they believe the Egina is not what it's cracked up to be? Have they stated a reason why they sold, other than they might need the money for another project?

[RustyRelic]

I converted to tonnes because I know grades per tonne, not in meters, because thats how mining contractors work, based on a scale, not the size of a pile or a hole in the ground. I am a contractor. It is also how nvo will pay their contractors unless they plan on doing it themselves. And it will not be economic. Tell that to Bowie and Captn Crunch who know nothing about anything along with

[TXRogers]

That's actually the interesting aspect of the discussion.   We may have an idea on the grade near surface - or the gold weight per volume of rock. But what actually is the grade being transported and processed?  It's almost impossible to estimate at this point. That's the real mathematics. The economic formula is really one of cost reduction. Tx  

[ValuePro]

Good catch.  So, help me with the math.  Let's say we have .5 grams per cm.  Next we have to know what this type of comglomerate gold weighs per cm in order to convert that to grams per ton or tonne.  Anyone capable of this?  I think there is a "density" conversion required for the type of rock.  Afterall, iron ore has a different density than, say

[SidelineSally]

If you didnt block the smart people you would know.  Chi Ken Sally

[ValuePro]

Well, gosh, that's helpful, especially as I have not blocked you.  Besides, and in so far as I know, I've only blocked out self-confessed milling contractor who changes his alias at least once per week.  Can't say as I would trust a person who feels he has to behave that way but you are certainly welcome to feel otherwise.  Bonne chance,

[SidelineSally]

Thats the guy, thats the guy. He needs to go on a chi break.  Here you go vp: Densities of gravels vary widely generally ranging between about 1.4-2.1 tonnes per cubic metre. Sally

[ValuePro]

Yes, I did see that, thank you very much.  My question relates to conglomerate gold which is not the same thing as gold in gravel.  There is another layer of cost in reducing it to gravel, which I assume would be of higher density than other gravels depending on how it is reduced.  ...or am I completely off base?

[SidelineSally]

Page 112. Ask and you shall receive vp. https://www.novoresources.com/_resources/presentations/technical-report.pdf   Its the same as far as I know. Egina is conglomerate that has been ground down to gravel over the ages but its all the same stuff I believe. Sally

[SidelineSally]

Sorry. Page 104. S

[ValuePro]

Bravo, well done.

[SidelineSally]

Fyi , I change names when i get more than 5 likes. I call it antisocial media.  Sally going on a chi break.  S

[TXRogers]

I use the following for Rock Density calculations: https://geopixel.co.uk/lab3/Densities_of_Typical_Rock_Types_and_Minerals.pdf For Gravel ((which I apply to conglomerate in Novo's Purdy's Egina marine gravel case) range is 1.70 – 2.40 g/cubic cm (1.7 tonne - 2.4 tonne / cubic meter) , average is 2.0 g/cubic cm (or 2 tonne / cubic meter) For Sedimentary Rock (which I apply to

[ValuePro]

Thanks.  I have some very basic knowledge of metric units of measure, and have seldom entered into ventures working with alluvials anyway.  Now if you want to talk about carats per tonne from kimberlite (or in the sea), that's another matter. Speaking of diamonds, was it here that I read that the comparison of the Pilbara region to Witswatersrand may result in our finding diamonds?&

[SidelineSally]

No. We had a diamond guy here once by the name of Alan, aka Pooh, not to be confused with Diamond Dave. He nows runs a deli truck in Mexico and cooks hot dogs on epithermals. Slow cooked. The story goes that the Pilbara and SA were once attached. SA to the north, so the gold in SA might be washed in from coarser gold in the Pilbara. In case you werent aware. So goes the story. Sidelined Sally

[SidelineSally]

Diamond Dave, fyi: https://www.youtube.com/watch?v=-JpM7i0yaz0 Sally

[ValuePro]

"SA to the north, so the gold in SA might be washed in from coarser gold in the Pilbara. In case you werent awareSA to the north, so the gold in SA might be washed in from coarser gold in the Pilbara. In case you werent aware." Uh, thanks but I am not that dumb.  Why do you think I made mention of it (and diamonds)? You can stop showing off now, and watch out for the train coming

[SidelineSally]

I was just trying to be helpful vp. I have no idea how long youve been following the story.  Diamonds have never been mentioned btw. So much for trying to be helpful. I will stick to being nasty. S

[TXRogers]

As Diamond Dave says .... Ain't Talkin about Love. Tx

[DiamondDavid]

I hope that Sally fellow doesnt have thin skin Tx. Im pretty sure he doesnt. So, I have decided a new prize is in order, one I initiated over on the kl board for a fellow whos always late posting news. I call him Pluto because he lives several time zones over that a way. I am proud to present the first Pluto prize ever on the nvo board and it goes to both Ike and WG for  posting last weeks

[ValuePro]

"Diamonds have never been mentioned btw." Because you haven't read about it does not mean it was never mentioned by anyone.  Why do you think I was asking?  I read about it someplace, given that the deep conglomerate gold at Witswatersrand is below South African diamond fields and because, theoretically at least, the structural geology of the Wits is similar to portions of

[TXRogers]

It's an interesting side discussion.   The Pilbara has been endowed with diamonds, and people have picked them up over the years.  There are Kimberlite structures near Nullagine in fact. Who knows what will come when you start processing all those billions yr old conglomerates and gravels. Let's just hope the locals haven't put too many old graveyards or rock shrines

[DiamondDavid]

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