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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
Post by Sandiegobannedon Sep 26, 2018 7:07pm
160 Views
Post# 28697119

Groundhogs Day

Groundhogs DayYou people are still here believing this hype? Wasn't there supposed to be some huge news? This is incredible. This company sucks. You can't have a geologist run a company of this size when they haven't done it before. He is losing all goodwill and value. Sprott is not smart money.  

Get out, save your money. And wait until the day of the midterms or if there is a point where the HUI does a 180 rebound ( going down initially and closing up). That will signal the end of this bear market decline. There is likely another 10% to go (just guessing). But this is almost over. Then, don't bet on Novo, go with producers wtih low debt, good management,  and a good upside story.  Look at ones like Lea Gold or others. They will sky rocket when this is said and done and the said and done are almost here.   Good luck and get ready for better times (it you get out of Novo). 

Its not that I hate Novo, its just run by a bunch of Yahoos that don't know anything about production and running an actual mine (Its very difficult business). 
Bullboard Posts