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 > Mining Review Delivers Optimized Five-Year Plan

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Post by WisGuy1 on Dec 13, 2021 8:53am

Mining Review Delivers Optimized Five-Year Plan

https://www.novoresources.com/news-media/news/display/index.php?content_id=483

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Comment by mortgages101 on Dec 13, 2021 8:56am

Wow total junk NR. WG you told me lots of good stuff exploration wise was coming. This simply confirms what bucc has been saying they can't make money. Cash is burning. $39M

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Comment by BetontheFed1 on Dec 13, 2021 9:08am

Didn't Bob M say 100,000 to 125,000 ounces per years easy. Now Novo says 54,000 to 66,000 per year. The grades are 40% less than what's in the PEA. The AISC is therefore 40% higher than what the pumpers were projecting. Better hope the gold price goes above $2,000 and ounce so Novo can be profitable.

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Novo Resources Corp