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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 casey13on Aug 15, 2017 11:51am
180 Views
Post# 26583161

RE:RE:RE:so let me get this straight

RE:RE:RE:so let me get this straightBuckshot from Bob Moriarty

https://energyandgold.com/2017/08/11/bob-moriarty-isnt-selling-his-novo-shares/

CEO Technician: The market was enthused by the release of the first bulk sample results, but my question is how much of this news was already priced in considering how much the stock has run up in recent weeks? And how much can we decipher about the much larger property package from a couple of bulk samples?

Bob Moriarty: We have no idea of how thick the conglomerate area is, we have no idea if the entire conglomerate area is mineralized, we have no idea what the length of the conglomerate is, we have no idea if the conglomerate extends into the basin. However, if you accept Quinton’s theory that the gold precipitated out of water and that this is a Witwatersrand analog the answer is that there’s a lot of gold and they appear to have found some very high grades. The chances of that first sample being the highest grade sample they’ll ever recover is zero; they’ve been mining that area for 110 years and you have to understand the theory to understand that they’re all connected. It’s a big deal.

Bullboard Posts