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

Bullboard Posts

Comment by 1Ettingeron Nov 03, 2017 11:03pm

231 Views

Post# 26904921

RE:RE:RE:Bob Moriarty

Hi Cigarbutts,

The musings were more broad ranging - in response to Moriarty's "bubbles". The P/Es for the main stream PM stocks are comparable to Facebook... That did surprise me...

Somewhat naively I compared KLG with three main stream PM stocks. For somewhat cautious people who are happy to hold KLG, is there justification for being very significantly over-weight on KLG? Its a peripheral issue for most Novo investors, but if one is managing/influencing family funds one has broader concerns. You can't back up the truck in a cavalier manner... It is a question of perspective.

For myself, I'm comfortable with your strategy.

Balance is highly subjective.

Bullboard Posts

Investors eye Australian gold mining projects amid promising developments