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 > Mr. Market does't care.

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Post by ValueProon Dec 20, 2022 2:06pm

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Post# 35182725

Mr. Market does't care.

Novo's share price was up sharply before the news release was posted, and it has continued to gain afterward. In that Novo is no longer a producer (for now), it makes sense that GDXJ would have to dump them.

No one seems to care beyond the usual tax loss selling hitting most others in this sector this month. Even so, Novo's gains today outpace other explorers.

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle