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

Add To Watchlist

TSX:NVO - Post Discussion

Novo Resources Corp > Keep cranking it out

View:

Post by Buccaneersllnd on Jul 20, 2022 6:23pm

Keep cranking it out

At a larger and larger loss with each passing day. Shutting it down today would make too much sense.

I wonder if this is good for the pfs:

https://www.mining.com/gold-price-sinks-below-1700-ahead-of-key-central-bank-meetings/

Bucco

160

Comment

Comment by Perambulator on Jul 21, 2022 12:40am

I have seen companies mining and processing at a loss before, but in EVERY case they had a plan to improve recovery by trying new methods or additional processing or the promise of higher grade ore just around the corner. I have never seen a company just keep producing at a loss without a plan to improve production, and to keep it up for so long is just sheer stupidity. Not only have costs risen ...more

Comment

Comment by Needles on Jul 21, 2022 1:25am

Scotty is running things. And Bones. Its called the Un Bre-x grace period. Gotta fool them folks. Shutting down 18 months after startup is better than shutting 4 months after startup which was when Henry decided to get out of Dodge. Ned

Comment