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Bullboard - Stock Discussion Forum 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... see more

TSX:NVO - Post Discussion

Novo Resources Corp > @tradeahead
View:
Post by WisGuy1 on Jun 23, 2021 7:43am

@tradeahead

@Tradeahead Enthusiastic- totally elated more like. Remember the say 112 million we have made with NFG in 2021 alone- add up that we are confirmed cash flow positive at Nullagine (not just through my calculations turning out to be spot on, but by official word of the company), making money every day and month, and all of the new targets abounding, ore sorting en route, 100Koz/year en route (they were very confident to increase Koz EVERY MONTH going forward) and I see even more reasons now why 100koz will be surpassed, NVO is now a GROWTH story as well as an exploration and production story, and with the large number of targets out there how would they ever run out of gold??? - quick answer: maybe 50 or 100 years from now, but not in my lifetime. With the large amount of targets and now proven economic production, we are looking at a cash machine, which also has a "hidden" element of being an optionality play during the coming gold bull, as the land and gold bearing tenements will increase in value. And indeed it just did increase in value with proven economic production. The mill increased in value too. And Malmsbury play is very interesting too, given QHs Kirkland lake/NFG experience. It may open op an all new frontier for NVO as an explorer if it hits something juicy there. Same for De Grey style targets. I mean come on, this AGM delivered on absolutely EVERYTHING I had hoped for. NVO de-risked, money-making, growing, ready to conquer the Pilbara. 10 about an hour ago
 
@Tradeahead As I mentioned before: NVO acts like a major in the making. Where else would you find all this diverse activity across the Lassonde curve, across Australia, with a trip to Newfoundland across new groundbreaking technology, exploration, production, organic growth, a ton of different geologic types of targets, ranging from alluvial high margin targets, to potential high grade De Grey or Fosterville style targets, first class teams, etc. etc. QH was originally in his earlier days thinking about an executive position at Newmont, and now he has found it, except as President of another major (in the making), NOVO resources. This is going places, and I am excited to be a part of it. "Not a trading sardine". - a multi decade long term core holding.
Comment by 1Gramme on Jun 23, 2021 7:58am
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Comment by Dormie18 on Jun 23, 2021 10:40am
It sounds as though investment in Novo is being de-risked by mining and milling at BC being slightly cash flow positive for May, but I really need to read a transcript to be able to understand all their comments yesterday. Does their accounting system capitalize all other costs beyond BC? If so, upon publication of their 2Q results, we may be calling Novo a cashflow positive company. That's a ...more  
Comment by 1Gramme on Jun 23, 2021 11:06am
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Comment by Dormie18 on Jun 23, 2021 1:35pm
From@Tradeahead, CEO.CA  "POST AGM cash flow calculation: 100.000 ounces sold at 2.293 = 229,3 million CAD, to be achieved soon. The mill costs 10,7 to run. (actual number, May, from the company) A cost structure of 128,4 vs. 229,3 million in revenue, a profit of 100,9 mill. CAD. Now, if one thing is for sure at NVO, it is that there is gold for decades to come from many projects ...more  
Comment by 1Gramme on Jun 23, 2021 1:42pm
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Comment by 1Gramme on Jun 23, 2021 1:51pm
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Comment by WisGuy1 on Jun 23, 2021 5:04pm
Leo said that the presentation will be up shortly.
Comment by Dormie18 on Jun 23, 2021 6:14pm
He also needs to update the slides in the Corporate Presentation. They are out of date by at least 110 days on the value of the investment portfolio, for example.
Comment by BuccToothBilly on Jun 23, 2021 6:49pm
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Comment by BuccToothBilly on Jun 23, 2021 7:01pm
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Comment by Dormie18 on Jun 25, 2021 11:24am
The corporate presentation has been updated on the company's website with the slides from the AGM. Thank you, Leo, but don't stop there, please.
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