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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 Heywood_Silverson May 09, 2018 4:39pm
203 Views
Post# 28007548

RE:RE:Don't know, but it appears positive.

RE:RE:Don't know, but it appears positive.If your gains were only short-term at the time I can't fault you for not selling at the top last year.  If the gains were long-term though, ouch - you may have missed the boat or be prepared to wait a long time to get back to where the peak was.

Looking back to the 2011 peak, the juniors which were near $10 or higher were those with elephant-sized deposits.  If Novo hopes to ever justify the lofty prices they saw earlier it will need to have the deposit size in excess of THM's and gold grades in excess of SBB's.

You're in the catbird seat - your basis in the stock is peanuts so you don't have to worry.  I feel for those whose basis in this stock is hovering around $6+ USD because the opportunity cost involved could be substantial if Novo ends up being a bust.  And what is a bust?  Probably anything less than pie-in-the-sky expectations many have.
Bullboard Posts