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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 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

Novo Resources Corp
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Comment by Iskyhighon Aug 15, 2019 9:04am
93 Views
Post# 30030883

RE:Moy

RE:Moy
VenusVanDam wrote: Having taken a look at year end 2018's financials (I dont see a more recent one after a quick search), If nvo is indeed keen on acquiring the mill with soumi, a merger of sorts is a possibilty. Market cap on Moy is $115m. I think a buyout is unlikely. I dont think selling the mill alone to nvo is an option as it would render the rest of Moys assets worthless. Waiting around for them to go knobs up and somehow extract the mill alone from the creditors would be a long drawn out affair.

The other possibility which would be mutually beneficial of course is a custom milling agreement but that would depend on the current utilization of the mill and whether it has excess capacity or not as Moy or any miner will prioritize their own feed.

Someone might want to ask Useless what he thinks. And then ignore it.

Venus.


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