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.

TSX:NVO - Post by User

Novo Resources Corp > NVO now 10% higher than what KL sold for

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Comment by ValueProon Feb 04, 2021 10:37am

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Post# 32469869

RE:RE:RE:NVO now 10% higher than what KL sold for

IMO, KL displays a behavior often witnessed in successful older companies as they transition away from the risk-taking managers/BOD who built the company. Such is accelerated by slowing growth.

Generally speaking, this used to take decades or more, but it is typical of explorers who hit the big time.

Taking this back to Novo, I and others see a steady stream of growth lasting decades. This is the one miner I view as a buy and hold - no comparison to KL at all.

VP in AZ

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