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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 Redflameon Oct 07, 2020 5:29am
103 Views
Post# 31678765

RE:Jumpin on Jennifer

RE:Jumpin on JenniferJeez, go away for a couple of weeks, come back, and find that the share price has dropped.  Who'd have thought that with the great news about the $140 million dollar deal for a mill that only needs another $35 million and six months to get it up and running?  Oh well, I guess if you consider the dilution the market cap is the around the same as it was.

Going to expand the Beaton's Creek mine.  You'd think they'd just apply to extend the mine based on the existing approvals, but no, another 3 years of spending millions of dollars getting together a mineral resource.  Hennigh sure likes to do things the hard way.  But it's only money and time wasted.  Seems like everthing else is going up but Novo.  Too bad, but huge gains are just around the corner in 2021, or is it 2022, or maybe sometime this decade?
Bullboard Posts