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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
Post by Monkeydonkeyon Jan 23, 2018 12:32pm
213 Views
Post# 27416593

Everything looks bad, what does that tell you.

Everything looks bad, what does that tell you.Todays big drop is probably due to pretium falling over 25%. The market doesnt like nuggety gold. The news was great, so i just had to buy a big chunk more (7500 shares at 2.99). It feels wrong to buy even more... Way to deep in here. But we are that a point that news is gonna get in from all over the place. And i am very very confident that novo has found the motherload. Dont even care if it is "only" 30-50M ounces, or a 100, or... well its probably not 20B. I am very curious to why ES hasnt bought during this enormous correction. The moment he does place more money on the table (at not excercising warrants) will be very bullish to most investors. I hope to just beat that moment. Dont think we'll get much opportunities to buy under 3cad. Good luck all!
Bullboard Posts