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 Oct 04, 2017 10:19am

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Post# 26774733

RE:RE:... stock is way undervalued because ....

Thank you Austrochris. As much as anyone, I find the 'possibility' of a Witwatersrand reef in Australia to be exciting. That said, anyone who has already ridden this rocket up should at least take their initial investment off the table. I have a feeling someone is going to get hurt. $1B USD valuation with 500K defined resource (actually, inferred) is in my opinion, a bit too far, a bit too fast. Not naysaying. Just saying be careful.

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