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 > One man's opinion: End of 2021 Novo Price Forecast

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Comment by ronreaganon Feb 08, 2021 12:53pm

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Post# 32501995

RE: One man's opinion: End of 2021 Novo Price Forecast

Barrick's PE multiplier is about 13.

Newmont's PE multiplier is about 20.

I don't know what the multiplier is of exploration companies that have recently turned into producing companies, but I'm thinking the BEST way for us to get a higher multiplier is for QH to PROVE we are one of the BIGGEST discoveries in history (as Mr. MOriarty has speculated).

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Advancing flagship Ishkõday Gold Project in Ontario