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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 6,700 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 lithium joint ventures with both Liatam and 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 LiquidForumon Aug 05, 2018 4:31pm
116 Views
Post# 28416669

RE:RE:RE:RE:RE:RE:RE:RE:RE:Our banker

RE:RE:RE:RE:RE:RE:RE:RE:RE:Our bankerFair enough you dont toot this is gonna happen cause Sprott is all in but many of the bulks do. I'm not the one to make a clear bearish case but looking at the storey as it stands right now. I do see a few more cons than you. You habe summed up the pros nicely so I will not comment on them. Cons: -insider ARV sells 4 million shares -nuggety prospect -no gold bearing continuity proven -no time sensitive assay methodology proven. Remarkable excuses made for SGS inefficiencies, current plan to process bulk samples is not time sensitive. -announced deadlines not met or even close. -vague news releases -market cap high based on exploration success to date -heavy promotion full of sensational forward looking statements and few facts -metal detectors outperforming bulk sampling -no gold for 1 years worth of exploration with high cash burn rate. Ie// ounces/dollar spent. -3D model 9 months late and counting after being promised. -no goals, timeline, detailed plan or even outline presented to shareholders showing the path to mining license. -first nation agreements not complete. -inability of NVO to create a professional corporate website or presentstion -investor relation performance is lacking -9$ to $4 -basin wide precipitate gold in theory only....Guess that is also a pro. I'm not saying there is no chance for enormous district scale discovery but the performance over the last 6-12 months is erratically poor with a downtrend firmly in place. Every Tom, D**k and Harry have been able to put together a concise paper yet NVO has been writing a comic book. Things could change on a dime and shut the bears down permanently . I hope for the baghokders here that this is the case and that it is so good it can't be missed even through some sloppy tactics. Easy to be a bull from .70c but the recent storey is far from bullish. The implied odds are compelling and that keeps me interested along with this soap opera of a billboard. I still see opportunity to move in at a fair price. Cheers me when it slam dunks not before. ;)
Bullboard Posts