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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
Post by paulindoonon Sep 14, 2017 9:37am
249 Views
Post# 26694598

Maybe D. LEnigas is executing his plan

Maybe D. LEnigas is executing his planI'm intrigued and grateful for the various well thought out posts that people like Tx, Rhino, Etinger, mycats, etc - For those unmentioned then my apologies - have posted re the future of ARV and NVO. So done a little digging into ARV chair profile to see what David might be all about.

Starting of, in his own words from "I'm David Lenigas" 
https://www.davidlenigas.com/i-am-david-lenigas/
"The world is changing.  Fast.  There are incredible opportunities out there.  My job is to try to spot them, and make them happen."

Now take a look at the projects that ARV is into: https://artemisresources.com.au/projects/projects-overview/
1) West Pilbara – Gold/ Base Metals/Iron Ore
2) Munni Munni – Platinum and Platinum Group Elements
3) Eastern Hills – Antimony
4) Mt Clement – Gold 
and who knows what other ones are not in the public view.

So I would like to postulate that perhaps David's aim is to build ARV into a multi faceted company, either by acquisition or inheriting the work of his predecessors, the spin off when appropriate sub components to other interested parties (eg Au, Pb, Pl, Li). If this proves out, then ARV will be "sold" off to some future bidder while ARV home will continue on its journeys as (eg) Purdy's Reward.

Not that different scenario than already painted by others except for simple inderlying principal that I think ARV brd purposely brought David onto the ARV brd to facilate this aim of monitizing the various, and at first pass, seemingly disjointed assets that form the ARV arsenal.

lastly, my daughter worked in Sydney for several yrs in their wonderful hospital there. One Christmas she sent me a bottle of Marmite, which I found unpalatable but appreciated the gift fm "my girl"just the same. So when I read in "I'm David Lenigas the following, fond memories were rekindled.
"I have a great band of supporters but what I do is not for everybody.  The term ‘Marmite’ has been used of me.  I quite like Marmite on toast, but Vegemite is better."

Disclosure: I'm Cdn and far away from Aust so might be misunderstanding the situation re ARV. Am not an ARV shareholder but do own NVO.

Bullboard Posts