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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 Rhino10on Oct 26, 2018 12:04pm
159 Views
Post# 28878200

RE:RE:RE:RE:Novo Announces Bulk Sample Results From Comet Well

RE:RE:RE:RE:Novo Announces Bulk Sample Results From Comet WellGoldminer Yes to a degree - I still believe there is a lot of gold in the conglomerates and I dont have the expertise to even guess as to its origin. And I give QH full marks for being the catalyst .  The point is -contrary to those who are seeking instant gratification you have to move in and mine it as an exploration tool in a small way -not as some will have you believe -to even start to understand whether it is discreet high grade 'cores' which have been previously neglected -which  can be very profitably mined - and in turn  whether that will lead you to really high grade -high tonnage conglomerate horizons -also previously ignored. We will know in 3-5 years but in the meantime what happens to a company with a market cap like Novo :-) About 50c is fair value -maybe - 
Bullboard Posts