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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

Post by likeikeon Apr 10, 2021 11:40am
149 Views
Post# 32972621

Holy Mackeral

Holy MackeralI have never seen so many guys have no idea what is happening.

Years ago I invested in a greenfield project. They did not have a good buffer so

when they had trouble getting the mill tweeked they ran out of money and were 

bought out by I think a Korean mining company and they got it up and running.

They were in a situation where nothing could go wrong and that is very difficuilt

when you are doing something nobody has done before. Lost all my money on 

that one but I knew the risks. 

Having a line of credit is a good thing when your doing a lot of tweeking and 

wanting things to maximize. I am just glad we do not have aboriginal terrorists

planting bombs but what do I know? IKE
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