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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 Nov 11, 2018 3:16am
119 Views
Post# 28956287

RE:RE:RE:Why do you like (still) Novo?

RE:RE:RE:Why do you like (still) Novo?Geologist  I agree -if there is one positive from the Novo story it is the amount of exploration funding and expertise now being focussed on the Pilbara. Novo obviously have a role to play and will over time if the conglomerates dont prove to be economically viable possibly transition to hard rock gold settings and/or other commodities. Or they will spit the dummy and head off to Alaska because no matter what they do in the Pilbara unless they get very lucky their market cap is unsustainable.  Given their cash I would say about 50c is around the mark but if that happens as I fully expect there will only be you and I mate -the rest will have flown the coop. Artemis are there for the long haul and are spoilt for choice in a rapidly emerging poly metallic province and current management look solid - a no nonsense team set to bring home the bacon. Importantly we have Radio Hill with the Gekko plant that will systematically define the gold recovery characteristics of gold in the conglomerates but will also be a valuable plant to process other ore types -along with a first class sulphide circuit -and we know now there are sulphides in the Karratha conglomerate (including PGMs at Karratha if field reports are accurate)  the same as Beatons Creek. DEG look good and many in the rear of the field like CZR with a top geologist like Dr Rob Ramsay - one of Mark Creasys trusted lieutenants homing in on some very interesting geological concepts after their recent field program at Croydon. The structural gold potential of the Pilbara -plus the lithium -cobalt -copper -zinc and other commodity potential is very substantial but funding in this market  is a tough call. Finally give the rabble a miss -lets discuss matters of substance and let the howler monkeys chatter away in the tree tops amongst themselves :-) 
Bullboard Posts