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

Bullboard Posts

Post by Icarusonfireon May 28, 2018 9:54pm

756 Views

Post# 28091478

Is Pacton a surrogate

In line with TXRogers game theories....IS Pacton a Novo (or Kirkland) surrogate company.

Follow this line of reasoning:

You own Kangaroo pasture in the Pilbara.
Novo comes knocking, looking to buy your moonscape.
Just the fact that QH is interested in your property bumps your offer price up 4X. If Novo is interested, then I must have something worthwhile here!!!
If a small company like Pacton however, comes knocking, you unload your worthless land for half price!!! And celebrate dumping it....
Pacton it seems is picking up massive land packages daily for a song.
Would it be a surprise if In the end, Novo (KL) then swoops in and takes over Pacton (who already has an ES connection) and it's valuable land. The land it paid a pittance for.
Brilliant strategy.....if there is some truth to it.

I think this is could possibly be one of the type of "games" TXRogers was beating around the bush about.
What do you think?

Icarus

Bullboard Posts

Changing Europe’s dependency on HREE from China