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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

Comment by goldanalyston Dec 21, 2022 10:11am
187 Views
Post# 35184425

RE:and the FACTS are .26 cents

RE:and the FACTS are .26 centsMr. Market is often wrong especially when sentiment is this bad in a sector.

The herd is just that. It overreacts in both directions. When volume and sentiment is this low

intrinsic valuations go out the window.   Gold for example, is only  down 2% in 2022. One of the

best performing asset classes and yet many gold/silver miners are down  50% or more. Maybe 

you believe that the market is correct? Frankly, I don't. It's an overreaction to the downside. Expect

an overreaction to the upside at some point. The herd just does what the herd does.

The trend is even more exaggerated in exploration companies. I see mispriced stocks everywhere 

in this space. NVO is just one of many IMO


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