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 Macduff88on Oct 26, 2017 1:22pm

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Post# 26863412

RE:RE:RE:RE:RE:RE:NVO vs Artemis

One way to do this is to adopt a probabilistic approach to decision making. Consider that perhaps I have invested $25,000 in Novo and am considering four potential outcomes: complete loss of my investment, the investment breaking even, the investment making $50,000 and the investment making $120,000. If I give each outcome a probability of 0.25 or 25% then by adding these up, I arrive at a modest gain with my investment, which supports holding. One has to regularly update the odds based on information available but it does give a heuristic for moving forward.

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