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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 wwadehammeron Feb 01, 2018 7:49pm
214 Views
Post# 27485190

RE:RE:RE:RE:RE:RE:RE:Could KL-NVO merger be the reason for the big correction

RE:RE:RE:RE:RE:RE:RE:Could KL-NVO merger be the reason for the big correction
TXRogers wrote:
goldstd69 wrote: that i not how I have read your many posts but to each his own opinion...


The scenario below has likely been delayed by probably 6 months or so due to the recent “exploration issues” encountered by NVO. 

But it is the model that I expect the investment to follow.  And As I allude, I also believe it will include more than just NVO.

The End Game for NVO-KL-ARV (and more)

And "Yes", it is only my opinion.  But when KL management begins to suggest something similar, it is not me that is surprised.

Tx



Tx, Artemis current market cap is around $140 million if you include the lastest dilution PP.  Novo paid around $18 million for half of Artemis tenements within a certain distance of Karratha.  Artemis has the Elisium Tenements but even with that, It would cost  KL around $160 million in stock for Artemis.  That price might go up significantly if upcoming bulk sample results are good.

It could happen if you consider that if KL values conglomerate gold in the ground at $200 an ounce, then 800,000 ounces at Purdy's is all you need to cover the $160 million purchase price.  If Novo can prove up an inferred amount for Purdy's that's around 1.6 million ounces  then KL might pull the trigger in some kind of cash and stock deal.  Could go either way IMO.

Bullboard Posts