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 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.

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Novo Resources Corp > PERFECT TIMING?

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Comment by TXRogerson Jan 04, 2021 9:05am

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Post# 32213997

RE:RE:PERFECT TIMING?

MickDyche wrote:

mrbubba wrote: AS OF THIS MORNING:

The US dollar is in the crapper (USDX is below 90 now, and trending lower). Will it eventually hit about 70, as it has in the past?

Gold is over 1,900/ounce again, and tredning up. TA analysts?

Novo is due to give us news on Egina - or news of a short delay at maybe?.

First day of trading on the TSX.

In a few weeks, Novo will no longer just be an "exploration" stock - it will be a producer, with MULTIPLE future runs up (and down) the famous Lassonde Curve with all its potential properties (Karatha, Egina, BC proximity, etc.) - observation courtesy of a very astute poster this weekend. Somebody will find out about the FIRST dore bar being poured or something concerning head grades - wo watch for sudden, unexplained moves in the share price.

Novo (and other gold stocks) have been beaten down pretty good during this year's tax loss selling.

A probable Biden presidency will eventually prove to be aviation fuel on the fire.

Will this be a memorable week or year for us longs?

I don't know for sure - but if we continue to trade sideways (or even further down) I will defintely look upon it as an opportunity to buy more. Very nice people will respectfully disagree with me, but God be with them.

Does the Lassonde curve apply to all companies that go from explo to discovery to production or only to those that come out the other end being profitable.

Mick