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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 TXRogerson Dec 19, 2020 4:40am
235 Views
Post# 32146447

RE:RE:RE:RE:POTENTIAL - DO THE MATH

RE:RE:RE:RE:POTENTIAL - DO THE MATH

ValuePro wrote:

Besides, bubb, ES buys exploration opportunities.  My post about valuations was in regards to evaluating an income-producing company, not speculation regarding possible future production - two different worlds.   


You're right VP.  

The practice of assigning value is so varying in practice.

One goal post is establishing value on everything that is known today, and putting a dollar figure on these known assets.  

The other goal post is assigning valuation at a future date based upon the estimated trajectory of various moving parts.  A speculative valuation.

And every single investor resides somewhere between these two goal posts.  A million shades of grey - maybe more , maybe less.   That's why it's so difficult for all of us to agree on a company valuation.  

Everyone is essentially on their own with how they perceive the present and expected future value.  And pays for it accordingly.

It's almost futile to judge it all, until it becomes a rear view mirror event.

Tx




 

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