Novo Resources Corp T.NVO

The Short-term Share Price Is Irrelevant 💪

[bull_runz]

We are FULLY FUNDED, and the PEA is any day now!!

Bach up the truck!

[Fabrix72]

You don't need the PEA. There are many people over on CEO who can make any sort of calculation if you wish. Yuo are very welcome  

[TXRogers]

Hey Fab.   I love CEO mathematicians.  They know how to use numbers to warp space and time into the alternate realities,  that actually become mainstream realities. You know, TxMetrix with floating decimal places, eliptical logic, and ample supplies of "red pills".   My kind of "mathematical anal-lysts". A-C-T-I-O-N, baby,  It's time for

[Fabrix72]

Hey TX, You know I like the TXmetrix....It's just that I cannot resit and have to argue when I read such b@llshit over there.   I am really looking forward to the "action" and once/if I get back my confidence in the Capt I am ready to jump in again...something that the breainwashed group there haven't understood...but..who cares..it's spare time fun. Cheers my friend!

[TXRogers]

  Yep.  No need to buy anything in which you have doubts.  It's not that kind of game. And changing your mind at any time and multiple times is no sin.  It's a gambler's call. Oh Father, fill my sails across a sea of bull$hit, right Fab?    LOL Tx

[Fabrix72]

Well TX, At the moment I have a more serious issue: My rational side is fighting with my creazy side about a baby with 2 wheels.  I sold my Ducati few months back because I didn't use it at all.  I always make the same mistake, I like one bike, I buy it, I don't use it and I sell it. It happened few times already. Last week I was navigating online and boom..I happened to know a

[JRafflesUK]

The PEA will be of most value to investors when one scenaria, not neccessarily the base case, is based on the ACTUAL GRADES achieved in 2021 Q1.  In contrast, a PEA based entirely on historic NI 43- 101 numbers would be less relevant when gold is being poured in Q1. Moreover, what if the actual grade at Beatons Creek is comming out close to 6gt achieved on samples previously taken by QH

[TXRogers]

Premature PEA???  That's a treat.   The PEA is typically a precedent to obtaining financing leading into development, and ultimately towards a revenue generating producer years down the road. Well, how is that going to decide Novo's fate at this point?  Remember all the calls going back over the last few years? All crying out to simply screw it all, and just "Mine

[BayCityRoller]

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[TXRogers]

And do you expect consistent grades in a coarse gold deposit? Caw, caw, caw. ....... Tx

[JRafflesUK]

My understanding is that the first gold pour would have exhausted the coarse gold and if this were to be the situation then the tonnage and grade of subsequent pours would be indicative of future production grade.

[bull_runz]

Exhausted the coarse gold?? They used Tailings!  lol

[BayCityRoller]

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[JRafflesUK]

The first pour was from a low grade historical pile on the property. They have been passing the newly excavated regular mill run material for at least 3 weeks. In the light of the above, the directors would be between a rock and a hard place if they published a PEA within the last15 days from the Q1 production numbers, for the following reasons:- If they know that the actual grade being

[Harmonicka]

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[BayCityRoller]

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[firewitch]

Well Tx. That's interesting. I thought BCR was better known for parading his Parrot ,Captain Flint on this board . Perhaps BCR is thinking of changing his status to become The CROW  :-)  Would finally answer Uncle Bob's endearing question title posed on his now famous book cover . Anyway ,I always thought The Crow was an American Superhero.  The connections run deep this

[Harmonicka]

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[Harmonicka]

This post has been removed in accordance with Community Policy