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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

Post by WisGuy1on Dec 11, 2020 8:14pm
192 Views
Post# 32091710

Excerpts from @exploratory 11/28. Copy and Pasted :-)

Excerpts from @exploratory 11/28. Copy and Pasted :-)
 
"As you know, it has long been apparent to me that Novo has been on a methodical and workman-like trajectory to profitable production and positive cash flow, with unavoidable interference from the coronavirus pandemic obviously delaying the first pour from Q4 2020 until Q1 of 2021.
 
Those skeptics who doubted Novo could transition relatively easily and smoothly from explorer only to explorer and miner/producer IMO confused the massive challenges well known to accompany the undertaking of complex major mining associated with big open pit and/or underground operations with Novo’s much simpler and straight-forward BC and Egina surface strip mining undertakings which are much more akin to earth and gravel moving tasks.   QH is spot on with his confident projections of profitable low cost gold mining by Novo in the near term.  That cash flow will be a game changer, and bashers better get their last bashing in soon before Novo dore bars close that window."........."Also FWIW, I think this is a great time to invest in Novo given that Novo is about to begin up the second phase its BC Lassonde curve.  Among other things, Novo will have enjoy access to an entire new set of potential investors who follow and invest in promising new producing miners.  QH may or may not finally get the credit he deserves from the conventional skeptics out there, but the considerable wealth that he will be soon creating in the form of Pilbara dore will be credit enough for Novo’s shareholders. "
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