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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Comment by Wallstreet1112on Mar 23, 2018 12:15pm

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Post# 27770542

RE:Correct Valuation of Novo

sandiegoman wrote: I am not saying to sell now but I do think the company is richly valued for the data we currently have. There are some other miners out there that have deposits being mined that are returning good FCF. Don't get me wrong, I like NOVO but don't ever fall in love with a stock. It will kill you. I like silver miners better than gold miners right now. Novo is a speculative play, not an investment. As such you may make 10x your money or you could get killed. I wish everyone the best of luck.

It's funny, I see it totally different. A good sign that not all are as bullish as me, else I might start to worry :).

Good luck sir :)

Best regards

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