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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
Post by aebestaceyon Apr 09, 2018 3:12pm
303 Views
Post# 27854720

This was on recent IKN Report..Don't get mad.Just sending

This was on recent IKN Report..Don't get mad.Just sending

In other news, this morning I was again asked for an opinion about Novo Resources (NVO.v) and as I don't cover it, am strictly neutral on it and have felt no need to add to the incessant noise about the stock, I only got to read its latest NR out on March 20th today. And y'know, after reading it yeah I am going to say something.

FIVE TONNE BULK SAMPLES??? WTF???


Seriously, what's the point? At the very best NVO is innocently wasting its time.

I mean, even if you get 50 g/t from the samples you're not going to prove a thing about its mine-worthiness or otherwise, which is also true if they come back 0 g/t.

The main problem is that I sincerely hope that this complete waste of corporate time and money has been done for naive but innocent reasons, because the only other alternative is to consider that NVO put together a bulk sample program in order to spin out time deliberately. And that would not be good at all.

One final thing: I've stayed out of this and still have no dog in the race, but every time I've met a mining sector person (lunch, site visit, office visit etc) they've asked for my thoughts on "hot story NVO" along with giving me their own unsolicited opinions.

Those opinions have been a rough pro/contra split but what I can tell you is that every single geologist, engineer or mining market professional I know, have met or have come across from either Australia or New Zealand gives the project and the company a firm thumbs-down.


Bullboard Posts