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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 5,500 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. 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 a lithium joint venture with SQM Australia Pty Ltd (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

Bullboard Posts
Comment by zentrarianNZon Jul 26, 2017 10:51pm
291 Views
Post# 26514557

RE:question

RE:questionJayTee: No big mystery here. Best case is lunch on the Moon and worst case is a long and disappointing drop back down to Terra Firma.

But since a table at the Moon is priced around $50 and up, and Earth is on sale at maybe 80 cents or so (where it was just two short weeks ago) I'd say the upside is still far greater than the downside. 

I've had similar potentially life-changing experiences gambling on crypto and I'd say the rules are the same: Don't invest more than you can afford to lose, and be in it for the long run - at least once you've taken back your initial stake. (FWIW, I did so already, several times over.)

The Wits 2.0 theory is starting to look more likely than not, but even if it proves completely bogus, there's probably still a lot of cheaply mined gold out in the new Wild West. Not to mention much more reliably proven Beatons Creek and Blue Spec, which long time Novo investors seem to have somehow momentarily forgotten all about.

Almost seems like QH has too,  but who can blame him?



Bullboard Posts