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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 Rhino10on Apr 29, 2019 8:09am
79 Views
Post# 29682258

The Big Hype

The Big Hype
  1. Hey@blackcat
    Sorry for late reply but i only check the DEG thread now and again.
    So in my last post, I said this "Probably in conjunction with some recent Edgina profitability news".

    From your comments, my gut feel is - that you are in the mining game, and for some reason that comment has irritated you?.

    I would like to go on public forum and say that my comment was just a tidbit.
    As I was typing and I had made my point - I thought why not add this in! - A Tidbit!
    Look back on the post and read it again, in that light.

    You have made some good points, however my serious take on DEG is, I think its a long term proposition - without conglomerate.
    DEG has massive potential without conglomerate and this should not be mixed. Full Stop!

    Truth is, I think QH has been trying to create a hype for some time - since 2014
    Furthermore - Not sure if you guys are aware but - Quentin Hennigh has been trying to "Pump up a massive hype abut conglomerate gold" since 2014 - I had a media release of him saying so.

    Can not find it now, for an unknown reason- it was compelling for me, as he had nothing, but he said in the interview that he wanted to create a hype, a big hype about the conglomerate gold. - some how this article has dispersed from the internet search results.

    I have mates in mining as well, know directors, have suggested the conglomerates to them, and they are like - now way - its full of Shiitepile.

    You need to follow your instincts, and add it all up for oneself - only you are to blame if you are wrong (miss the big boat, so to speak)

    To help you add it up - I could not find my compelling Article unfortunately.

    I did find this from 2014 - over 4 years ago - similar
    https://www.mining.com/web/novo-resources-ceo-quinton-hennigh-this-is-a-wits-analog/
    In 2014
    At the Roundup conference, Quinton’s goal is to communicate Novo’s story to technical professionals and analysts, to convey that Novo really is a Wits type of story. He says the similarities between the drill core from his project and Wits are striking.“I’m really trying to light a fire, I guess.”

     
    As ye think, so shall ye be! Nothing is either good nor bad, but thinking makes it so.
     Reply
     
  2.  
    1,047 Posts.
    359
    Courtyard Dog Thanks for the explanation and I completely understand - it was a throw away line. From your comments above we are basically on the same page. I did think we may have been on the cusp of a Wits clone - but very early in the story it became evident that there was no continuity of gold mineralisation. That is when Novo should have bitten the bullet and released the results of that trenching and thrown everything at serious exploration -not the parade of exploration by social media and the continuing hype. We would respect that -it just didn't work out and we would also respect the company if it was not ramping the Egina fantasy without any evidence of gold mineralisation outside the historical resources.

Bullboard Posts