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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TSX:NVO - Post Discussion

Novo Resources Corp > perspective

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Post by stocksluice on Aug 17, 2020 11:17pm

perspective

“Think about this. The $563.5M purchase of Barrick shares creates a position that represents a measly 0.1% of the Berkshire portfolio. Yet, Berkshire now owns a 1.2% stake in Barrick Gold!

“Extrapolating this trend out, even if Buffett really gets going on gold and decides to buy 10% of Barrick, the position would not even register as 1% of Berkshire’s overall value! And Berkshire is just one of many thousands of institutions trying to place money and grow capital in a global economy sloshing around with trillions of investable dollars.”

Sorry to have lost track of the reference... but you get the picture.

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