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Bullboard - Stock Discussion Forum 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... see more

TSX:NVO - Post Discussion

Novo Resources Corp > Wath a difference 2 years make
View:
Post by dove19 on May 20, 2022 6:13pm

Wath a difference 2 years make

Two years ago NVO was trading between $2,5 and $4; they had no mines in operation and baeutiful pieces of land in WA.
Now it trades at 0.70 and still has the same pieces of land.
Can this loss of 70 -80% can only be attributable to the problems  with their mining operation?
Comment by JackTheKnob on May 20, 2022 6:29pm
This post has been removed in accordance with Community Policy
Comment by ValuePro on May 21, 2022 9:20am
"...and still has the same pieces of land.." Do you mean "claims" as in standard mining vernacular?  If so, I think that's wrong.  I believe they have more claims and other interests than they did two years ago. If you believe in buying low and selling high, should you not be buying now instead of complaining?
Comment by LittleVillie on May 21, 2022 9:33am
This post has been removed in accordance with Community Policy
Comment by Mineshack on May 21, 2022 9:22pm
Absolutely NOT! Extremely slow progress with ore sorting has also been a major disappointment and there hasn't been any major discoveries...yet. So that's three potential developments that could launch the stock price into orbit.     .
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