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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF | T.NVO.W.A

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 ValueProon Nov 07, 2022 5:53pm
116 Views
Post# 35080316

RE:RE:From AUinvestor on Sunday

RE:RE:From AUinvestor on Sunday"Rather odd Novo chose to blow $300M..."

I'm afraid I disagree with how you present your argument, but there is nothing odd about changing course.  Every effort is ranked by priority.  These must change over time based on evolving circumstances.  Beaton's Creek was priority no. 1 when it was acquired, and for good reason.  Things have changed.  That's just business; it does not mean that BC and the mill will not have value in the future. 

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