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 Silverwhereon Jun 05, 2018 2:28pm

136 Views

Post# 28127510

RE:Look at the market cap

Go short sandie, say $500,000 minimum . . . . .

sandiegoman wrote: That is the only thing you have to look at and compare it to all others out there. It seems vastly overvalued for what is happening now. If they come out with a lot better assays they should be okay. But look at SA. They are another company, but with proven resources, but all they do is drill and drill. They never mine! Their market cap is somewhat higher but they have a lot of proven and probable. Right now this still looks top heavy.

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