Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

Metals & Mining Gold
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 in the Bendigo Tectonic Zone of Victoria, Australia. Its key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration. The Company is also advancing gold exploration at Nunyerry North. It focuses on undertaking early-stage exploration across its Pilbara tenement portfolio. It has also formed lithium joint ventures with both Liatam and SQM in the Pilbara which provides shareholder exposure to battery metals. Its Belltopper Gold Project comprises the adjacent Malmsbury and Queens projects.


TSX:NVO - Post by User

Novo Resources Corp
Bullboard Posts
User Avatar Image
(0)
•••
Comment by Wallstreet1112on Mar 16, 2017 1:13pm
288 Views
Post# 25988947

RE:RE:New interview with Quinton

RE:RE:New interview with Quinton
HeyYouWhatWhoMe wrote:
Thanks Wallstreet.  Looks like we got a bit of a spark from his interview.  Why is NVO's
stock volume so low all the time?


The shares seem to be pretty tigthly held. When I started buying Novo at about CAD1.24 the Avg volume was about 15-30k shared/day. Then we had the big run up and I believe some new shares from options etc got released. I believe this profit taking made the volume spike, but at these levels fewer are willing to part with their shares since risk/reward is much more compelling at CAD70-80 than CAD 1.50-1.90. Personally I have bought all the way down and have taken miniscule trading profits, but I am not willing to part with my shares at these levels.

Fast forward a couple of months/years, and we can have opened a new significant gold district in one of the absolutely safes juristictions on earth. 

Given the potential I believe a fully dilluted market cap of 69MUSD is more than acceptable for me. In a "blue sky" scenario, Novo's land holding will be producing gold for decades.

DYODD /best regards
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities