Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

Novo Resources Corp. is a gold explorer focused on discovering gold projects. The Company is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. It has a land package covering approximately 6,700 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. Its key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration. The Company is also advancing gold exploration at Nunyerry North. It focuses on undertaking early-stage exploration across its Pilbara tenement portfolio. It has also formed lithium joint ventures with both Liatam and SQM in the Pilbara which provides shareholder exposure to battery metals. Its Belltopper Gold Project comprises the adjacent Malmsbury and Queens projects.

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Comment by Fabrix72on Nov 07, 2020 4:46pm

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Post# 31858203

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Reality

Of course you have !

Cheers mate :)

Fab

TXRogers wrote:
Yes, it is true, Fab. And the reason was simple.

I did not want to see Novo bogged down for half a decade (or more) constructing a mill. I know that some investors remained enthusiastic if Novo had pursued such a venture, but I was not one of those.

So, as you correctly state, I preferred a Major JV partner take on that task instead, while Novo spent its time discovering the gold prospects.

But then the Millennium Minerals situation began unfolding. A development that was a gift from God to Novo investors.

Due to missteps of its own making, Millennium ended up handing their turn key operation over to Novo under perfect conditions and timing.

Again ... those Lassonde Curve downdips would we be eliminated, and the uptrend phases overlayed as I explained. My preference (of focusing on exploration) remained intact, but the enhanced benefits of jumping to a revenue intermediate producer instantly appeared. The half decade or so of development efforts was eliminated. Along with my concerns over what Novo would need to do to achieve gold production of its prospects.

The opportunity and finalization of the Millennium acquisition trumped all other options and plans. An Integrated Pilbara Solution for the taking. It was truly a transformational and positive change for Novo.

A brilliant management decision which was perfectly timed and executed.

I would know. After all, am I not a manager that has earned your respect?

;-)

Tx

Fabrix72 wrote: I remember when our manager used to say he woukd prefer NVO as an exploration company while others would do the hard job of mining...time has passed, many things have changed...different? worse? better?....who knows.

DeathByRabbit wrote:

TXRogers wrote:

DeathByRabbit wrote:

ronreagan wrote: Sometimes you just have to recognize the CLUES. I trust QH's judgment, so do Sumitomo and Sprott, who both put a LOAD of money in this company. Don'twait on TA to make your investment.

I dont do clues anymore Ronnie. Show me the money.

Lola

And when that happens, NVO no longer becomes a speculative play. It becomes a revenue generating business.

Show you the money? How about I show you your place on the Lassonde Curve instead.

That's the game.

Tx

The Lassonde curve assumes the end result is a money generating outcome. Which may or may not apply to a binary play. At this juncture nvo is a binary play and anyone who says different is wrong.

DBR