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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 Redflameon Nov 13, 2019 7:29pm
89 Views
Post# 30347943

RE:RE:RE:RE:Insights from Rob Humphryson

RE:RE:RE:RE:Insights from Rob Humphryson 2.9 million shorts.  Not much love for the stock in the near term.  Wonder if Sprott and Kirkland Lake would support a buyout for say $3.50?  Both would be ahead of the game at that price and they wouldn't have to wait another 5 years for Novo to actully do some mining.  Nuggets on a tape were detected.  Oh great maybe they can stick the nuggets to the tape if they ever start mining. If Novo can't, wonder how they get the really fine nuggets to blow out from under all the crud. Oh and the swale with all the nuggets is 50 meters wide.  Assuming Novo can get .5 gpt out of the rich area, then if the swale stretches to the east for  20 klicks you can recover 35,000 ounces. Oh boy, oh boy.  No wonder there's so many shorts.
Bullboard Posts