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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
Comment by JB3729on Oct 24, 2017 12:38pm
253 Views
Post# 26850917

RE:RE:Wonder what ARTTF will get taken out at.

RE:RE:Wonder what ARTTF will get taken out at.I don't think  ARV will be bought out due to Novo's control of the JV.

Regardless of the owner of the other half, Novo will decide if Purdys moves forward or not.

DL embarrassed QH and the whole Novo team, including lawyers, by signing a binding agreement, watching while QH PR'd the news and then weaseled out of the binding agreement. 

Once the current drilling program at Purdys is completed, I think Novo will ignore the JV and do their own thing at Comet Well and their 100% owned tenements. Novo will revisit Purdys after they have been granted another 30% JV farm in is my prediction.

DL acts like Novo doesn't have him by the balls. I can't wait for Novo to start squeezing those balls.

What an embarressment the Radio Hill plant refurbishment PR is. DL knows that Purdys' gold won't be processed there. QH has said he's not interested in using the rust bucket. Who in their right mind would dump millions into a rust bucket and then only use it for occasional bulk samples. Ridiculous!!!




Bullboard Posts