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Novo Resources Corp

www: www.novoresources.com   email: leo@novoresources.com
Category: Junior: Late Stage Developer
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Symbol Data

Symbol Currency
TSE:NVO CAD
OTCMKTS:NSRPF USD

Description

Novo Resources Corp are a gold focused junior, late stage development company with one producing mine in Australia and exploration properties. Currently they produce roughly per year. They have approximately 1Moz. of gold in the reserves and resources category of which 0.5Moz. are in the measured and indicated category. They have a market capitalisation of ~C$37.68M which is a fall of roughly 32% over the last five months. As of 07/02/2023 they have no debt and ~C$21.36M cash. They have 342M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.

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General Details

Financial 07/02/2023
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
MCap (FD): $55.46M $37.68M 09/15/2023 $-17.78M
Total Assets: $226.28M $220.92M 07/02/2023 $-5.36M
Total Liabilities: $22.63M $22.09M 07/02/2023 $-0.54M
Current Assets: $21.87M $21.36M 07/02/2023 $-0.52M
Current Liabilities: $10.56M $10.31M 07/02/2023 $-0.25M
Total Debt: $0.00M $0.00M 07/02/2023 $0.00M
Cash: $21.87M $21.36M 07/02/2023 $-0.52M
Enterprise Value: $33.59M $16.32M 07/08/1970 $-17.26M
Cash Flow: $0.00M $0.00M never $0.00M
Cash Flow Multiple: 0.00 0.00 never 0.00
Net Debt to
Cash Flow Ratio:		 n/a n/a never 0.00
Finance within 1 year: Yes Yes 07/02/2023 n/a
Misc 07/02/2023
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 304,000,000 342,000,000 09/15/2023 38,000,000
Shares (FD): 342,000,000 379,000,000 09/15/2023 37,000,000
Insider Ownership: n/a 30% 11/19/2023 30%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 02/01/2024 07/02/2023 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 07/02/2023 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 07/02/2023 0
Initial CapEx (Outstanding): $20.00M
36.06% of MCap		 $20.00M
53.08% of MCap 		07/02/2023 $0.00M
Funding Option: n/a n/a 07/02/2023 n/a
Documentation: none PFS 11/19/2023 n/a
Future MCap Modifier: 0.1
Developer: Likely Path to Production
 0.1
Developer: Likely Path to Production
 04/24/2023 0
Cash Flow Multiplier: 5 5 04/23/2023 0.00

Resource Data

GOLD 07/02/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 07/02/2023 0.00M
Measured & Indicated: 0.50M 0.50M 07/02/2023 0.00M
Inferred: 0.50M 0.50M 07/02/2023 0.00M
Reserves & Resources: 1.00M 1.00M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 07/02/2023 0.00M
Measured & Indicated: 0.34M 0.34M 07/02/2023 0.00M
Inferred: 0.21M 0.21M 07/02/2023 0.00M
Reserves & Resources: 0.55M 0.55M never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 07/02/2023 $0.00
Extra Operating Cost: n/a n/a 07/02/2023 $0.00
Average Grade: 1.50 g/t 1.50 g/t 07/02/2023 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 11/19/2023 0.00%
F
U
T
U
R
E		 Proven & Probable: 2.00M 2.00M 07/02/2023 0.00M
Annual Production: 100,000oz. 100,000oz. 07/02/2023 0oz.
Cash Cost: $1,000 $1,000 07/02/2023 $0
Extra Operating Cost: $500 $500 07/02/2023 $0
SILVER 07/02/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 07/02/2023 0.00M
Measured & Indicated: n/a n/a 07/02/2023 0.00M
Inferred: n/a n/a 07/02/2023 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 07/02/2023 0.00M
Measured & Indicated: n/a n/a 07/02/2023 0.00M
Inferred: n/a n/a 07/02/2023 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 07/02/2023 $0.00
Extra Operating Cost: n/a n/a 07/02/2023 $0.00
Average Grade: n/a n/a 07/02/2023 n/a
Recovery Rate: n/a n/a 07/02/2023 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 07/02/2023 0.00M
Annual Production: n/a n/a 07/02/2023 n/a
Cash Cost: n/a n/a 07/02/2023 n/a
Extra Operating Cost: n/a n/a 07/02/2023 n/a

Property

Last Analysis Data  (07/02/2023)
Stage Name Owned Au Ag Cu Notes
Prod Nullagine 100% show
1.2 million oz resources at 1.1 gpt
Exp Balla Balla 100% show
Early exploration
Exp Beatons Creek 100% show
first 43-101 in 2012 at 500,000 oz at 1.5 gpt. Only 16,000 meters of drilling.

This is a small part of the Beatons Creek property.
Exp Beatons Creek (larger area) 70% show
Early exploration.

70% JV
Exp Becher 50% show
Early exploration
Exp Belltopper 100% show
Early exploration
Exp Karratha - West Pilbara 100% show
They own 100% of most of this property.

Purdy's Reward (15,000 Hectares): 50%
Comet Well (48,000 Hectares): 80%
Exp Marble Bar - East Pilbara 70% show
early exploration
Exp Nunyerry Nth 100% show
Early exploration
Total Land Package Size (ha): 676,900  
Current Data
Stage Name Owned Au Ag Cu Notes
Prod Nullagine 100% show
1.2 million oz resources at 1.1 gpt
Exp Balla Balla 100% show
Early exploration
Exp Beatons Creek 100% show
first 43-101 in 2012 at 500,000 oz at 1.5 gpt. Only 16,000 meters of drilling.

This is a small part of the Beatons Creek property.
Exp Beatons Creek (larger area) 70% show
Early exploration.

70% JV
Exp Becher 50% show
Early exploration
Exp Belltopper 100% show
Early exploration
Exp Karratha - West Pilbara 100% show
They own 100% of most of this property.

Purdy's Reward (15,000 Hectares): 50%
Comet Well (48,000 Hectares): 80%
Exp Marble Bar - East Pilbara 70% show
early exploration
Exp Nunyerry Nth 100% show
Early exploration
Total Land Package Size (ha): 676,900  

Profitability (by resource)

Proven &
Probable		 07/02/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD MCap / Gold Eq.: n/a n/a n/a $0.00
FD MCap / Silver Eq.: n/a n/a n/a $0.00
FD MCap / Per Metal
as % Spot Price:		 n/a n/a n/a 0.00%
Measured &
Indicated		 07/02/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 0.50M 0.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 1.47M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.34M 0.34M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 1.00M
Maximum Profit (Gold): $142.22M $171.53M n/a $29.31M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $142.22M $171.53M n/a $29.31M
Max Profit / Current MCap: 2.564 4.553 n/a 1.988
Max Profit Per Share (Gold): $0.42 $0.45 n/a $0.04
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.42 $0.45 n/a $0.04
Total Free Profit Per Share: $0.20 $0.32 n/a $0.12
FD MCap / Gold Eq.: $163.12 $110.82 n/a $-52.30
FD MCap / Silver Eq.: $1.93 $1.27 n/a $-0.66
FD MCap / Per Metal
as % Spot Price:		 8.50% 5.53% n/a -2.97%

Reserves &
Resources		 07/02/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 1.00M 1.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 2.95M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.55M 0.55M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 1.63M
Maximum Profit (Gold): $231.11M $278.74M n/a $47.63M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $231.11M $278.74M n/a $47.63M
Max Profit / Current MCap: 4.167 7.398 n/a 3.231
Max Profit Per Share (Gold): $0.68 $0.74 n/a $0.06
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.68 $0.74 n/a $0.06
Total Free Profit Per Share: $0.46 $0.60 n/a $0.14
FD MCap / Gold Eq.: $100.38 $68.19 n/a $-32.19
FD MCap / Silver Eq.: $1.19 $0.78 n/a $-0.41
FD MCap / Per Metal
as % Spot Price:		 5.23% 3.40% n/a -1.83%

Future Valuation (Cash Flow & Totals)

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