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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

Comment by Perambulatoron Jun 22, 2023 8:49pm
106 Views
Post# 35510466

RE:RE:@AUinvestor

RE:RE:@AUinvestorI imagine just about everyone is wondering why DEG has come in on this deal. We know Novo are totally clueless and are drilling a duster at Becher. Obviously they recognise something on the tenement of interest, or perhaps its just because the ground us on trend and worth exploring using the basic exploration techniques which have so far evaded the Novo team...the best they can do it look up old minedata information abd follow up with the drill bit without doing normal preliminary work.

But why were they not patient enough to just let Novo fizzle out and they could have mopped up 100% ownership for near nothing?

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