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Bullboard - Stock Discussion Forum Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

Novo Resources Corp. is a gold explorer focused on discovering gold projects. The Company is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. It has a land package covering approximately 6,700 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project... see more

TSX:NVO - Post Discussion

Novo Resources Corp > Who’d a thunk it?
View:
Post by Mineshack on Mar 12, 2021 1:23pm

Who’d a thunk it?

It seems what always drives a mining stock to the moon is drill results as that is what forward thinking speculators will base their investment decisions upon.

How can Novo ever have that much blue sky potential when not a single drill turns?

Is there any possibility that actual mining production can influence market valuation instead?

Or could the market forever fail to see what the company is doing today will grow exponentially for a very long time?

It seems still only a few know the true answers to these questions.
Comment by ValuePro on Mar 12, 2021 1:31pm
"Is there any possibility that actual mining production can influence market valuation instead?" As drilling drives PPS for most explorers, production drives PPS for producers.  IMO, watch the production and expected production.  Clearly, drilling is of no consequence for an atypical discovery and mining process, especially where production is underway. 
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