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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 springinhetveldon Jun 22, 2018 1:02pm
162 Views
Post# 28213992

RE:RE:Why...Why...Why ??????

RE:RE:Why...Why...Why ??????Tx I think I understand/see the logic of setting up PAC next to NOVO. Easier and cheaper way to buy land from other (small) companies. And as long as the MC of PAC remains moderately low it can keep buying land for cheap shares.

What I do not understand/see is what the next step of this game is. Will NOVO and PAC merge or will there be one big company buying both NOVO and PAC? And will that happen before or after "dropping the bomb"? Or will NOVO be bought by one and PAC by an other company? 

Given that your largest investment is now in PAC it seems you expect PAC to gain the most. And given PAC is on its way to owning as much land as NOVO does that is a reasonable thing to expect if the gold is indeed "everywhere". But do you not fear/expect that PAC disappears before the bomb NR is dropped? Would be cheapest for the buyer (who ever it is).

Anyway, I am very interested to learn/understand a bit better how you think the NOVO-PAC-ES-KL etc. etc. set-up will work out in the end. 
Bullboard Posts