Novo Resources Corp T.NVO

KE Report (May 30th, 2022)

[Mineshack]

[BetontheFed1]

What happens if the upcoming feasibility study shows the fresh ore at Beaton's Creek is not economical?  Guess they just mothball the plant and try to sell it to someone else.  What a joke the interview was.  The stock price has tanked under MS.  Hire back the MOY management team, they didn't lose money as fast as this current team.

[WtfParrot]

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[ValuePro]

"What happens if the upcoming feasibility study shows the fresh ore at Beaton's Creek is not economical?" Yeah, what happens if the ore is not economic to mine under current conditions?  Does it become reserves for future exploitation?  At what POG?  And is this before or after the new sorter is installed? And what happens if the sun does not rise tomorrow?

[PulpCutter]

LMAO. Probability of the sun rising tomorrow may be somewhat different than the probability of Novo turning any kind of long-term profit on Nullagine.

[WtfParrot]

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[Lederhose]

Nothing new of interest, no sorting news, what a waste of time.

[WtfParrot]

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[ValuePro]

So is reading your postings,  Find something new.  Meanwhile, maybe you and your other aliases can share spell-check /grammar-check software. Oh, and what might one buy with a hundred million in cash?  Nothing productive?   Shoo, fly! 

[mortgages101]

Better question is why do they have to pay the Sprott debt in full? They already incurred large set up fees when they took the loan. Why not keep the cash and only pay down half of the loan. More money to buy something that can actually make money unlike everything else they have on the books.  May guess is Sprott wants to be paid and be out of the novo business 

[ValuelessPro]

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