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 chuck8on Nov 10, 2017 7:29pm

221 Views

Post# 26943609

RE:RE:RE:Does The Cash Cow Need A Cash Cow???

Once warrants are purchased, KL and ES combined will hold about 30% of Novo, so would be difficult for outsiders to take a run at Novo. You're right about KL maybe being the easier target and ES owns about 10% of KL. Kirkland's gold grades are increasing very fast and so is cash flow (sitting on about $200M) so an attractive company. Someone like Franco Nevada?
Interesting to see how this develops.

Bullboard Posts

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