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 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

Novo Resources Corp

Bullboard Posts

Comment by teddygvaon Aug 16, 2017 8:53am

159 Views

Post# 26586562

RE:RE:Is it a war zone ?

rudyPt wrote:
We are either going to $20 or $2!

Maybe $20 first then $2... or vice versa!

I am a very long term NVO believer and shareholder but still struggle with the valuation today that has basically materialized out of a 2x2 meter (700kg) sample.

I love it but fear it at the same time.

I bought into the 66c placement so am a seller at $5+ today in a small way. I hope it goes to $10, $15 or $100 so I kick myself for selling but 650-700% return in a few short months cannot be ignored.

What would be the market cap if it goes to 100$. It can't go that high but 20 is possible

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