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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 > Comet Well -Purdy's
View:
Post by Rhino10 on Jun 27, 2022 11:08am

Comet Well -Purdy's

Both sites have high grade gold in certain haloes -which clearly doesnt extend along strike. I estimate 10,000 -20,000 ozs could be recovered at a very low AISC with a WET GRAVITY plant with the right configuration -not the Novo plant as configured. 
I don't have an agenda against ore sorters -they have their place and may complement -but after 5+ years of recommending that Novo abandon the ore sorters for wet gravity and generate  a significant cash flow  one would think the company would embrace my recommendations or those of us who have a track record of successful gold production in exactly the same sort of  coarse -nuggety gold enviroments. We are doing it all the time - 

And for those who keep spouting native title -heritage issues provided it is all done properly those problems dont exist.  

The upside is there may well be more gold in the conglomerates both along strike and down dip -with significant cash flow generation to 'cookie jar' mine Comet Well and Purdys. And there is more -which will never be recovered with the ore sorter methodology. 

Time for someone at Novo to listen -
Comment by BuccaneerBilliy on Jun 27, 2022 12:42pm
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