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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 thegeologiston Nov 11, 2018 12:09pm
49 Views
Post# 28956844

RE:RE:RE:RE:Why do you like (still) Novo?

RE:RE:RE:RE:Why do you like (still) Novo?I agree with the role played by Novo i.e putting up a show that attracted the world's attention to the Pilbara conglomerates. That's why they have been paid Hollywood salaries :)

But they have f-up so much and so often that they cannot be trusted anymore so management change should happen ASAP if they are to be alive next Christmas. QH should be kept as a consultant. Japan is not that far away so he can come down under if required. If not, good luck to him.

The only positive is their large landholdings that they have staked for conglomerates but with a management change and a re-focusing on hardrock settings could prove valuable.

I said some other time that I see ES/KL taking control and getting rid of Novo management then taking over some of the tenements and farming out some other tenements. Hardrock gold, etc not conglomerates.

I agree that Artemis is on the right path with the mill, exploration etc.

I also agree that there are a few other important Pilbara players that are worth investing in like some that you have mentioned. They have a responsible management team, a non-sensical approach to exploration, bulk sampling, and targeting (not only conglo).

And indeed Pilbara represents a great exploration ground for a whole basket of commodities.

Cheers.



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