Bullboard - Stock Discussion Forum 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... see more

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Novo Resources Corp > stink

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Post by likeike on Aug 17, 2020 4:11pm

stink

The reserves of the largest gold producers have already fallen by 34% since 2012. In addition, the production peak of the largest mining companies is expected in 2020 with around 118 million ounces of gold. By 2029, an annual decline to around 65 million ounces is forecast - this decline of around 45% will change the industry dramatically.

Wow imagine if we could production up and steady in 10 years?

If only I wasn't such a old dude....IKE

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Comment by TXRogers on Aug 17, 2020 4:50pm

The "Big Money" is seldom the "Smart Money". In the end , it will get the headlines, but not the multiples. And the "Big Money" is often the first to run right into the minefield it helped create. Watch where it goes, take profits, and then head the other direction before it blows its own legs off. https://stockhouse.com/companies ...more

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