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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 teddygvaon Jan 21, 2018 3:08pm
220 Views
Post# 27404098

RE:RE:RE:bre-x numbers

RE:RE:RE:bre-x numbers
jonggua wrote: the reason for the comparison is there is no comparison since wits 1.0 of over 100M oz deposit, except the rumor of bre-x.

bre-x only ended up with 45% of the deposit (which was none as we know) but the market in 1997 was willing to value it at $6B market cap at the top.

those who put a low valuation on our future because of the recent hatred of mining stocks forget how crazy things can get in a mania.

If we get wits 2. wow numbers, plus a rising gold price, plus cheapest mining costs on the planet, it could be astounding how high we go.

my objective for mentioning it? I don't wanna sell at 14 if it might tack on another zero.

Purdy has great future but comparing with wits 1? There is no proof that novo has at least 1/4 of wits 1. Can be the case though but for now it is just another land with good prospect

Bullboard Posts