Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

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

Novo Resources Corp > Squandering money like going out of style

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Comment by Sandiegobannedon Nov 30, 2022 4:59pm

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Post# 35141145

RE:Squandering money like going out of style

Well, looks like they have 36M in working capital. So that should tell you. I do agree that they need to slow it down or do something. This is one of those that could go BK or could go 10x., That is the problem with the jrs. Also, Beatons was always supposed to be the one that wasn't a big deal. I thought it was the other (i can't recall)... that was supposed to be the big one. I haven't been here in 2 years but seriously suprised at how this has turned out...

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