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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 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

Bullboard Posts
Comment by Wallstreet1112on Mar 22, 2018 6:14pm
149 Views
Post# 27765300

RE:RE:RE:RE:John Kaiser's latest take on Novo

RE:RE:RE:RE:John Kaiser's latest take on Novo
PanamaJack wrote: TX, I can go along with everything you said, but there is a long way between April and a year from now when they would get into trial mining and markets are not good at waiting that long.


Listen to the QH interviews. They are certainly nor sitting on their asses in Pilbara.

A LOT of catalysts besides trial mining in 2018.

We are working at least 4 different prospects ATM (CW, Egina, Marble and BC). There are even more gold prospect dots in the latest Novo presentation, which suggests they are working even more prospects (or at least have more in the pipeline)

We have no idea what these other targets could be like, we don't even got the first assays from CW yet. Is there fine or finer gold anywhere? Are other prospects CW lookalikes or even better?

There will probably be flying NRs when Novo feel they are good and ready. Focusing on the trial mining is IMHO a bit like missing the forest for the trees. 

I'm not saying you should buy or sell, but if you believe this is a quiet period coming (unlike me), then there might already be people sharing your opinion. When trial mining starts, all else equal, we will probably not be at these levels. Just saying.

Best regards
Bullboard Posts