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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

Comment by casey13on Nov 29, 2020 4:23pm
193 Views
Post# 31997390

RE:KL

RE:KLJunior investors are always a nervous bunch and will sell at the first sign of trouble. The greed / fear cycle is much compressed in these names. It is that volitility that creates opportunity. It is up to individualls to decide for themselves whether is is one of those opportunities but the reaction to news such as this is usually about three days and then everyone will be looking for the next catalist that will  move the stock. I personaly don't see that the fundamentals have largely changed as KL although very helpfull in getting us where we are today are no longer need as a source of financing.

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