Bullboard - Stock Discussion Forum 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 5,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project... see more

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TSX:NVO - Post Discussion

Novo Resources Corp > PP all filled

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Post by WisGuy1 on Apr 15, 2021 10:17am

PP all filled

Yes, all filled.

Leo

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Comment by TXRogers on Apr 15, 2021 7:38pm

Hi WG They have an oversubscribed allowance as well. They won't close the window if the demand continues . Tx

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Comment by WisGuy1 on Apr 15, 2021 8:45pm

Didn't know that. Thanks

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Comment by BetontheFed1 on Apr 15, 2021 11:07pm

Based on QH's comments in the Kereport interview, Novo is still spending more cash to mine Beaton's Creek than it's getting from selling the gold. Might be because they started mining in a low grade area. Whatever. Expect a cash cost per ounce of $1,900 U.S. and an AISC of $2,2200 U.S. for the quarter ended March 31. The second quarter will probably be ...more

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Comment by Willie1Oz on Apr 16, 2021 8:26am

This post has been removed in accordance with Community Policy

Comment by Fabrix72 on Apr 16, 2021 8:42am

"They started mining the low grade area" Well, the CEO said something different here: https://soundcloud.com/novo-resources/first-australian-conglomerate-gold-production

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Comment by rob1237 on Apr 16, 2021 8:56am

This company is too complicated.

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Comment by BetontheFed1 on Apr 16, 2021 9:02am

Hi Willie, I think they allocate the start up expenses to the ore as processed although your numbers are probably closer than mine. Here's a clip from a Novo news release about the change in the annual year month: The Company also reports that is has changed its fiscal year end from January 31 to December 31 in order to align its financial reporting period with industry ...more

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Comment by Willie1Oz on Apr 16, 2021 9:05am

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Comment by rob1237 on Apr 16, 2021 9:10am

Time to average down....again.

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Comment by audigger13321 on Apr 16, 2021 9:23am

What a wonderfu business l strategy...Mine at $ 1900/oz....Sell at about $1700/oz...so a loss of +-$ 200/oz But..but...but,,,make it up on volume... A sure path to prosperity. Audi.

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