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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 May 31, 2018 8:28pm
229 Views
Post# 28108833

RE:RE:RE:I just got of the phone with Leo

RE:RE:RE:I just got of the phone with Leo
TXRogers wrote:

Hi Wade. Yes the Rhino is right about the mining. And that is why QH already stated that CW is going to treated like a mining operation that is in the preparation phase presently. What the market is fixated upon are these bulk sample NRs that seem to always befuddle everyone. I am always nervous about these NRs because of what just happened once again. And it could have also gone the other way in a positive spin just as easy. In a mostly coarse gold deposit like CW, I'm not sure these sparse samples will never provide a true story. But one thing that is key for trial mining will be understanding the geology of the strata and getting those permits. And even better, a commitment from one of the partners that they want to mine. That's when the deposit and business plan becomes legitimate. Today we got another geo report and a little gold data from a couple of samples. I'm always a bit curious why QH commits to these NR dates knowing that he really can't satisfy. I would rather see continued corporate news focused on prospective tenement acquisitions and mining licences. And of course the mine development plans and schedules themselves. Tx


I'm tending to believe those who say Novo is not going to release any good news until ES gets everything he wants.  Have to agree with your point that all management actions point to big things in the future.  Novo has a lot of geos going over the outcrops and Artemis/JV tenements for 8 months now, and nothing on what they've found.  Either it's there is no good news to report or they are sitting on good news.  Only they know.

I'm crawling into my cave now and lick my wounds.

Bullboard Posts