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 Millskingon Sep 15, 2017 9:48pm

203 Views

Post# 26704078

RE:RE:RE:RE:RE:RE:My view of ARV's prospects from another perspective

TXRogers wrote:

waitingstill wrote: If I was DL, I would ask Sprott for the short and intermediate term plans for the JV including a budget. I would then tell ES that I will ifnd the money and match Novo penny for penny as per the commitment. I would do a 10:1 consolidation of ARV shares to make 47mil shares and do a PP at $2 (ARV SP after 10:1 consolidation) for 9mil shares giving away just under 20% of the company for $18mil. I would use my connections and Creasy's connections to land that big fish but I would ONLY do this after Novo has spent $1.99mil on the project. Novo does not get control of the JV until their commitment is made. That $1.99mil can do a lot of shallow drilling and come up with some very exciting numbers. If so, the $2 SP might even be $4 and ARV can give up either less of the company or raise more money. Then I would tell ES that I am here for the long haul unless he has a better offer for me.

But the key question really becomes: After NVO secure 50% ownership and 100% control of the JV (after $2mil exploration pocket change is expended), why do NVO need Artemis Reources around any more?

Answer is: they dont. And in any successful business, you rid yourself of what you don't need and the JV has been engineered in such a way where it can be done fairly easily under the full control of ES - setting price of sale, time of sale, and means of compensation. And it's all irrelevent what the suspected resource underground may be. Without a 43-101 it's all speculative anyway.

That's how the business goes.

Tx

There is only one way to play it if going by your JV terms which isn't the case in reality. Interesting though .

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