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 6,700 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 lithium joint ventures with both Liatam and 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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Post by jongguaon Feb 12, 2018 1:15am

255 Views

Post# 27542854

tug of war encapsulation

In trying to distill down the differing pulls of how to spend time and money for Pilbara gold, I have the following to offer:

Do we wanna:

Know a lot about a little (mine one area intensively)

or a Little about a lot (tiny bulk sample over lots of our outcropping)

Being all cashed up allows more leeway, but shareholders want "the story" to focus on knowing a little about a lot.

Interesting Wits 1.0 was hugely focused on immediate mining with immense cash dividends paid out for many small struck it rich gold mines. Even into the 1970's and 80's SA mining shares were prized for their huge dividends. I remember owning a 10% yielding Franklin Income Fund circa 1990 which was chock full of SA gold miners paying big dividends.

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