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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 mrbubbaon Nov 16, 2020 11:23am
130 Views
Post# 31906586

RE:RE:HH - THOUGHT-PROVOKING ARTICLE

RE:RE:HH - THOUGHT-PROVOKING ARTICLE
Rhino, I don't like RINOs toomuch, but I'll overlook that at this time.

Truth be told, I don't have any "mining experience" either - never been in one. But I did see one on the internet one time. I've never been to a big-pharma or auto producing plant either. Does that mean I am incompetent to invest in them? You might want to re-think that. 

But, I do think your conclusion about my thesis is not entirely accurate; I do in fact believe the price is "right" on Novo at this point, as both Beaton's Creek and the other assets all have been priced in. To believe otherwise would to believe investors do not know about the investment portfolio, cash position, and exploration potential. My point is that Beaton's Creek is NOT the only thing that is priced into Novo's current price - the other assets are priced in as well.  
Bullboard Posts