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Novo Resources Corp 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

Bullboard Posts
Comment by zentrarianNZon Jul 21, 2017 5:01pm
237 Views
Post# 26496784

RE:RE:What you see may very well

RE:RE:What you see may very well<Seems like a ridiculously small sample size but it should be fun nonetheless>

That was my first thought as well. It seems to me to leave open the liklihood that no matter how good the results are, skeptics will point to the sample size and claim it isn't representative of the deposit as a whole.

I know it's a poor comparison with Novo - which has a completely different type of deposit - but look at Pretium for example. The company (and its share price?) are arguably still plagued by doubts about the "nugget effect"  - despite having now built a $400M mill and even started non-commercial production! And their bulk sample was enormous in size.

OTOH, I suppose it doesn't hurt to proceed slowly and methodically. It's a long road and QH has never seemed to me to be one who is worried about short term market perceptions. He just keeps plugging away at the job of proving the skeptics wrong.



Bullboard Posts