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Novo Resources Corp

www: www.novoresources.com   email: leo@novoresources.com
Category: Junior: Small Producer
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Symbol Data

Symbol Currency
OTCMKTS:NSRPF USD
TSE:NVO CAD

Description

Novo Resources Corp are a gold focused junior, small producer with one producing mine in Australia and exploration properties. Currently they produce roughly 60koz. of gold 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$162.82M which is a fall of roughly 65% over the last eleven months. As of 07/03/2021 they have ~C$37M debt and ~C$46.81M cash. They have 244M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.

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General Details

Financial 07/03/2021
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $463.74M $162.82M 07/03/2021 $-300.92M
Total Assets: $282.14M $273.08M 07/03/2021 $-9.06M
Total Liabilities: $49.98M $48.37M 07/03/2021 $-1.61M
Current Assets: $48.37M $46.81M 07/03/2021 $-1.55M
Current Liabilities: $11.29M $10.92M 07/03/2021 $-0.36M
Total Debt: $38.69M $37.45M 07/03/2021 $-1.24M
Cash: $48.37M $46.81M 07/03/2021 $-1.55M
Enterprise Value: $454.06M $153.45M 11/11/1974 $-300.61M
Cash Flow: $20.44M $21.48M never $1.04M
Cash Flow Multiple: 22.69 7.58 never -15.11
Net Debt to
Cash Flow Ratio:
n/a n/a never 0.00
Finance within 1 year: Yes Yes 07/03/2021 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 07/03/2021 0.00%
Misc 07/03/2021
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 244,000,000 244,000,000 07/03/2021 0
Shares (FD): 282,000,000 282,000,000 07/03/2021 0
Insider Ownership: n/a 35% 07/03/2021 35%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 08/01/2018 07/03/2021 n/a
Production (Gold Eq Oz.): (guess) 
60,000
(guess) 
60,000
07/03/2021 0
Production (Silver Eq Oz.): (guess) 
4,055,846
(guess) 
5,043,341
07/03/2021 987,495
Initial CapEx (Outstanding): n/a n/a 07/03/2021 n/a
Funding Option: n/a n/a 07/03/2021 n/a
Documentation: none PRODUCER 07/03/2021 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 07/03/2021
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 07/03/2021 0.00M
Measured & Indicated: 0.50M 0.50M 07/03/2021 0.00M
Inferred: 0.50M 0.50M 07/03/2021 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 07/03/2021 0.00M
Measured & Indicated: 0.34M 0.34M 07/03/2021 0.00M
Inferred: 0.21M 0.21M 07/03/2021 0.00M
Reserves & Resources: 0.55M 0.55M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
60,000oz.
(guess) 
60,000oz.
07/03/2021 0oz.
Cash Cost: $850 $850 07/03/2021 $0.00
Extra Operating Cost: $450 $450 07/03/2021 $0.00
Average Grade: 1.00 g/t 1.00 g/t 07/03/2021 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 07/03/2021 0.00%
F
U
T
U
R
E
Proven & Probable: 4.00M 4.00M 07/03/2021 0.00M
Annual Production: 200,000oz. 200,000oz. 07/03/2021 0oz.
Cash Cost: $850 $850 07/03/2021 $0
Extra Operating Cost: $400 $400 07/03/2021 $0
SILVER 07/03/2021
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 07/03/2021 0.00M
Measured & Indicated: n/a n/a 07/03/2021 0.00M
Inferred: n/a n/a 07/03/2021 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 07/03/2021 0.00M
Measured & Indicated: n/a n/a 07/03/2021 0.00M
Inferred: n/a n/a 07/03/2021 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 07/03/2021 $0.00
Extra Operating Cost: n/a n/a 07/03/2021 $0.00
Average Grade: n/a n/a 07/03/2021 n/a
Recovery Rate: n/a n/a 07/03/2021 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 07/03/2021 0.00M
Annual Production: n/a n/a 07/03/2021 n/a
Cash Cost: n/a n/a 07/03/2021 n/a
Extra Operating Cost: n/a n/a 07/03/2021 n/a

Property

Last Analysis Data  (07/03/2021)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Production Western Australia, Australia Nullagine 100% (guess) 64,000 Both show
1.2 million oz resources at 1.1 gpt
Exploration Western Australia, Australia Beatons Creek 100% (guess) 900 Both 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.
Exploration Australia Beatons Creek (larger area) 70% (guess) 55,000 Open Pit show
Early exploration.

70% JV
Exploration Western Australia, Australia Karratha 100% (guess) 750,000 Both show
They own 100% of most of this property.

Purdy's Reward (15,000 Hectares): 50%
Comet Well (48,000 Hectares): 80%
Exploration Western Australia, Australia Marble Bar 70% (guess) 120,000 Both show
early exploration
Exploration Western Australia, Australia Talga Talga 100% (guess) 500 n/a show
Early exploration
Exploration British Columbia, Canada Tuscarora 100% (guess) 200 Both show
Early exploration
Total Land Package Size (ha): 990,600  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Production Western Australia, Australia Nullagine 100% (guess) 64,000 Both show
1.2 million oz resources at 1.1 gpt
Exploration Western Australia, Australia Beatons Creek 100% (guess) 900 Both 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.
Exploration Australia Beatons Creek (larger area) 70% (guess) 55,000 Open Pit show
Early exploration.

70% JV
Exploration Western Australia, Australia Karratha 100% (guess) 750,000 Both show
They own 100% of most of this property.

Purdy's Reward (15,000 Hectares): 50%
Comet Well (48,000 Hectares): 80%
Exploration Western Australia, Australia Marble Bar 70% (guess) 120,000 Both show
early exploration
Exploration Western Australia, Australia Talga Talga 100% (guess) 500 n/a show
Early exploration
Exploration British Columbia, Canada Tuscarora 100% (guess) 200 Both show
Early exploration
Total Land Package Size (ha): 990,600  

Profitability (by resource)

Proven &
Probable
07/03/2021
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 Mkt. Cap / Gold Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Silver Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Per Metal
as % Spot Price:
n/a n/a n/a 0.00%
Measured &
Indicated
07/03/2021
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 8.23M
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 5.60M
Maximum Profit (Gold): $115.81M $121.71M n/a $5.90M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $115.81M $121.71M n/a $5.90M
Max Profit / Current MCap: 0.250 0.748 n/a 0.498
Max Profit Per Share (Gold): $0.41 $0.43 n/a $0.02
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.41 $0.43 n/a $0.02
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $1,363.93 $478.87 n/a $-885.06
FD Mkt. Cap / Silver Eq.: $20.18 $5.70 n/a $-14.48
FD Mkt. Cap / Per Metal
as % Spot Price:
76.34% 26.44% n/a -49.91%

Reserves &
Resources
07/03/2021
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 16.46M
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 9.09M
Maximum Profit (Gold): $188.19M $197.78M n/a $9.59M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $188.19M $197.78M n/a $9.59M
Max Profit / Current MCap: 0.406 1.215 n/a 0.809
Max Profit Per Share (Gold): $0.67 $0.70 n/a $0.03
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.67 $0.70 n/a $0.03
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $839.34 $294.69 n/a $-544.65
FD Mkt. Cap / Silver Eq.: $12.42 $3.51 n/a $-8.91
FD Mkt. Cap / Per Metal
as % Spot Price:
46.98% 16.27% n/a -30.71%

Future Valuation (Cash Flow & Totals)

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