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Novo Resources Corp T.NVO.W.A


Primary Symbol: T.NVO Alternate Symbol(s):  NSRPF

Novo Resources Corp. is engaged in evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. The Company explores and develops its prospective land package covering approximately 7,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. The Company operates through two segments: care & maintenance operations and exploration operations.


TSX:NVO - Post by User

Comment by Perambulatoron Jun 07, 2023 3:19am
99 Views
Post# 35483760

RE:RE:Crescat

RE:RE:CrescatLooks like Grinch will be your Xmas visitor!

If Novo had 1m oz or better, wouldnt they have announced  drilling intercepts that were somewhere in the ballpark of the order of magnitude of what we would expect for a deposit of this size? With some more work they may prove up 50-100k oz but will it be economic? Novo hasnt been able to distinguish the difference between economic and uneconomic deposits to date after spending hundreds of millions of dollars over nearly a decade..

As nearly every Novo investor has learned the hard way Hennigh = Grinch

 
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