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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF | T.NVO.W.A

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 WisGuy1on Oct 25, 2021 11:19am
200 Views
Post# 34044994

Tradeahead : 50% of NVO market cap is NFG + cash

Tradeahead : 50% of NVO market cap is NFG + cash
@Tradeahead  Guess you have not figured out yet, that 50,40% of NVOs market cap is in fact NFG+cash. That realization may happen anytime. And when you do realize this, consider the monstrous undervaluation of the 49,6% of NVOs cap, that encompasses a full gold district in WA, complete with mill, and 28 targets trading almost for free at a ridiculous <200M. Then figure out how much that will be revalued in a gold bull market.
 
I have chosen to invest in NFG primarily via NVO, and I stand by that decision, as the one I expect the superior outcome from. I have not 1, but 2 DISTRICT-SCALE drivers of revaluation in NVO. And superior information, due to QH being on the board. Which explodes up in value first???? NVO-NFG or NVO-WA???? In both cases I win. 
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