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

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Comment by grape562000on Sep 06, 2017 8:48am

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Post# 26660290

RE:RE:RE:RE:RE:RE:RE:RE:RE:How Likely is a Hostile Takeover?

Thank you Tx. That is all I am trying to do. Having ridden more than a few winners way up...and held them as they went down for sometimes years - sometimes, taking a few chips off the table is not a bad idea. Novo could be another Witwatersrand...or not. I hope so. But for now, what is absolutely certain is that Novo has some strong backing and a huge cash infusion to find out how much resource they really have. But also, the share price has gone up a lot in a short time.

500K ounces in Beaton's creek is a nice start, but having recently read the the latest (August) corporate presentation, I couldn't help but take note of the 'should positive cash flow be achieved' which I read as not yet assured.

So this will be my last post for a while. In the interest of transparency I have taken my initial investment of the table and like many here, will let the rest ride. There is huge potential here, but I will sleep better knowing that no matter what happens next or how long it may take, (all) my investment monies won't be tied up for years as in the past.

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