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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 ronreaganon Feb 08, 2021 10:45am
89 Views
Post# 32500236

RE:Seeking Apha Article

RE:Seeking Apha ArticleWow, even after I informed him that he failed to take into account the fact that MOY itself had some NI 43-101 ounces (about 200k'ish) AND the fact that Novo's conglomerate/gravel resources are not really susceptible to a NI 43-101 resource estimate, HE STILL downs this stock.

According to him, I guess an investor is not smart to invest in an exploration stock unless and until there is an NI 43-101 report?

But by then the word will have leaked out to others more closely associated to the stock, and us working class guys will be left out of the big run? Don't think so.

To each his own - but HE runs the risk of being considered UNINFORMED (c.f. "reputation") when companies like Novo make good. Personally, I think it's LAZINESS - he must have refused (even after having been informed) to VISIST Novo's properties or even talk to management (QH will talk to anybody).

Go Novo - make Dart look like the uninformed DOLT that he is!
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