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 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

Novo Resources Corp

Bullboard Posts

Comment by LiquidForumon Oct 02, 2018 9:21pm

87 Views

Post# 28734023

RE:RE:RE:Novo share price

mrstuittifruitt wrote:

GoNovo2014 wrote: I don't know if your "financial news writer" is Bob Moriarty or not, but BM wrote on Sept 24th about the potential of the Egina gravel at surface:

"Here’s where this announcement gets interesting. Farno gave Quinton a solid number for potential. It’s easy enough to work out the value of the ground potentially. There are 1 million square meters to a square kilometer. If you have gravel three meters deep grading .7 g/m worth $38 a gram, each square km has the potential for 67,524 ounces of gold worth about $80 million at today’s prices. There are a lot of square kilometers in the ground purchased by Novo last week."
https://www.321gold.com/editorials/moriarty/moriarty092418.html

Since QH himself has said that there are hundreds of square kilometers at Egina, the potential there all by itself (not counting PR/CW and BC) is really staggering:

1 sq km = $80 million
10 sq km = $800 million
100 sq km = $8 billion

Go Novo!

QH knows nothing and Novo can barely get a small sample processed. Novo is going nowhere besides down...