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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 11:54pm
98 Views
Post# 31684902

RE:RE:RE:RE:RE:RE:RE:Jumpin on Jennifer

RE:RE:RE:RE:RE:RE:RE:Jumpin on JenniferThe high in 2017 was $8.63.  The covid low was $1.41.  A shorter's dream.  I've made more money on this stock then any of you will unless you sold around the high back in 2017.  Hennigh's two ounces per ton sucked in the market including Kirkland Lake and Sprott and a lot of Mom's and Pop's.  It was just bad luck.  Maybe Hennigh just picked a spot at random and hit the only 2 ounces per ton spot possibly in the entire Purdy's Reward 2 kilometer length.  Maybe, probably, what luck huh?  I mean what are the odds of hitting 2 ounces of gold per ton in a sample from an ore body averaging 3 grams per ton?  100,000 to 1, 1,000,000 ot 1?   It's a widely spaced nuggety system so I guess anything can happen.  Who knows and who cares now?

Novo's no closer to meaningful bulk samples at Purdy's Reward and Comet Wells than they were in 2017.  Hennigh got his money from Kirkland Lake and did everything he could prevent a price increase in Novo so the 14 million warrants Kirkland Lake had were worthless.  He did a great job.  He has made a powerful enemy in the process.  Hennigh paid double what he needed to to get the mill.  That's because he fiddled around for 3 years to get Kirkland Lake off his back and was scared to death of running out of money.  If Hennigh had gone straight to trial mining at either Egina or Comet Wells as Keith Barron recommended, he wouldn't have been desparate for cash and sold the farm to get the mill.  Keep drinking the cool-aid suckers.
Bullboard Posts