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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 1Ettingeron Oct 27, 2017 12:59am
233 Views
Post# 26866536

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

RE:RE:RE:My view of ARV's prospects from another perspectiveTx posted 15Sept post#26701331

"Now be careful and think again:  What is being offered in our ES game only pertains the lands associated with the NVO/ARV JV.  Artemis has already forfeited control and management of these lands and got paid 4 million in NVO shares.   Aretmis has no legal authority to be discussing anything with anyone.  They are out of the picture except interms of a %50 development cost and eventual 50% profit somewhere down the road when NVO decides to generate revenue."

Today I email Leo regarding the Artemis JV binding agreements for clarification.
Specifically I asked  "Can you confirm that these eight clauses were taken from a much longer
agreement? Were they chosen to highlight the essential elements of the agreement?"

Leo's response: "no worries, anytime- yes, it is a very long agreement."

So IMO we as retail investors have to fall back on BM's axiom "No one knows anything".

Bullboard Posts