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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 09, 2021 10:24am
194 Views
Post# 32511972

RE:RE:RE:PRICE PERSPECTIVE?

RE:RE:RE:PRICE PERSPECTIVE?Hey Ike, I'm MUCH like you on this - I just wanted to justify a BASE for myself and share. I too "believe" in the Witwatersrand comparison and that once we have a little more "evidence" for the market, then it will take into account that Novo's tenements could be producing at HIGH levels for the next 100 years, or two. I'm thinking once our boys get around to adding some of that Karratha/Egina jungle juice to the head grades, THAT will be when the potential explosion occurs. In the meantime, I have to keep my expectations low so I don't get murd____ ed by my wife. Self-preservation. Thanks in advance for understanding. In the meantime, if you have incontrovertible evidence that Novo's tenements in WA are Wits II, please feel free to publish it - it can't hurt. I've seen studies from other geological professionals, but (as Tex says) the TRUTH MACHINE is getting cranked up, and it "should" be our savior!

Looking forward to the PEA.


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