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 Monkeydonkeyon Dec 27, 2017 5:44am

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Post# 27228668

RE:NVO's changing story line - and implications

I agree with most of what you say. Novo should be more specific in their news releases...

I do think Novo has more than 40cm of high grade gold in those conglomorates (patchy, could variate between 10cm and 10m), and i wouldnt be surprised if their latest nr's are not specific for a reason. The same reason that ES hasnt been buying for a while.
I think KL will take over Novo pretty soon, after a 60% decline most investors are happy to sell for 6-7cad.

They know that they cant prove up an enormous resource, they have to mine it to know it. So they need money to do that. KL has money, so novo needs them... (remember QH and ES go way back, QH kinda told KL where to drill Fosterville, and said they would find a lot of gold there. So KL trusts QH, and vice versa). KL will become the nr 1 gold miner in the world!

I was buying at 8cad, and i am buying at 3.5cad.
I am very much looking forward to more bulk samples, and more specific info on the whereabouts of those samples!

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