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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Comment by TXRogerson Jan 21, 2021 7:35pm

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Post# 32355844

RE:RE:RE:RE:RE:RE:RE:Blunt

TuocoTorres wrote:

tbnorthstar wrote:

WisGuy1 wrote: 11/27/20: QH

"Brent seems to be out of touch.

We have a resource at BC and are going into production. He doesn't seem to have any idea

I will speak with him"

What does that say about Brent as "respected" commentator on the Sprott show? Like most letter writers, they have their pet projects....and research on others is lacking in depth.

He was asked his opinion out of the blue. He processed what he was aware of through his geo brain matter, having visted the place to boot, and being friends with Q to boot and shared his opinion which he knew would not be popular and good for him. I dont fault him for anything. And he might be right. Q1 will be a writeoff, so July 2021 it will sink or swim.

TT

Why will Q1 be a "write off"?

A business is being built, and the stages that it must undergo in its growth should not be considered a "write off".

A calf must grow into a cow before it can be milked.

And in the case of Novo we have dairy full of calfs named Beatons, Comet Well, Purdys, Bellary Dome, Egina, Patch47, Talga Talga, and so on.

Regarding the valuation of the Pilbara farm: All speculative. All opinions.

But as an investor in this sector, the real consideration is the belief that all will be pursued and nurtured in due course.

It's the reason why management made the acquisitions in the first place.

Tx