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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 6,700 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 lithium joint ventures with both Liatam and 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 > Golden Sunsets are a Critical Component of Today's Investing
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Comment by ValueProon Oct 19, 2020 3:25pm
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Post# 31742498

RE:RE:Golden Sunsets are a Critical Component of Today's Investing

RE:RE:Golden Sunsets are a Critical Component of Today's InvestingHow large any countries economy may be is irrelavent to it's capacity to make available to the average citizen the goods and services it generates.  On this basis, it's gold holdings are low too.  On these counts, at least for now, China remains quite behind other countries, and its wealth as defined by GDP alone is not what it would appear. 

https://www.worldometers.info/gdp/gdp-per-capita/

Top Per Capital Gold Holding Nations

Gold Reserves Per Capita By Ounces Top 20 November 2017

Despite selling 60% of her gold in the early 2000’s Switzerland leads gold holding nations with nearly four ounces per capita.

The People’s Bank of China holds approximately .042 ounces of gold per person or less than 1/20 of an ounce per capita.



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