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 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

Novo Resources Corp

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Comment by Monkeydonkeyon May 21, 2018 11:25pm

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Post# 28061748

RE:RE:RE:RE:RE:RE:My Personal Pilbara Investment Strategy

PanamaJack wrote: Moneydonkey, I agree that it will not make any difference if it is 100 Moz or 1Boz because at that point the Special Ops will certainly be in control. I always have to look at everything in a very pragmatic manner because I've seen to many Cinderellas turn into the Ugly Step Sister. There is ALWAYS the possibility of the unexpected and something going wrong.

I agree, I usually dont invest in exploration because there is to much risk involved. This time i feel like its a different story.
Never seen a company in this situation (QH, ES, KL, cash, no narrow veins but sheetlike, amount of ground, first grades, wits 2.0 theory,... so many things). I really think this is the opportunity of a lifetime. And even the valuation is absurd imo. Only 25% of what i think is the "worst case scenario" is priced in.

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