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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 Heywood_Silverson Jan 20, 2018 12:30pm
259 Views
Post# 27400898

RE:RE:RE:Wtf

RE:RE:RE:WtfIt remains to be seen how much actual resources for any of these juniors can be shored up by the time a PEA hits.  The $$ is made when the pennies turn into dollars.  Once you start buying near the top there is a LOT more risk involved.  The downside suddenly looks larger and the upside suddenly starts to shrink.

I kicked the tires on GGI way back when it was pennies.  I wasn't interested, partially due to the poor website presentation.  Of course, had I known it would catch fire I would've bought in.  There are a few high grade hope-to-be-darlings which I am taking positions in currently.  As the bull market heats up, trust me there will be other Novos and GGIs coming down the line....
Bullboard Posts