from Novo book review Some "new found gold." Quinton's eclectic and inquisitive nature has drawn him to become involved in several other ventures around the globe, as a shareholder and/or in advisory capacity. But he's highly selective. He's on the hunt for projects (and management) that hold the potential for new, big gold and silver discoveries, any one of which (including Novo) could move the resource sector interest and investment cycle needle in a big way.
One of these is New Found Gold Corp. (NFG:TSX.V) in Newfoundland. In March 2020, Novo exchanged almost 7 million of its shares for 15 million in pre-publicly traded New Found Gold shares. As Bob notes, Novo's shares are now worth about $16 million, while the ones they hold of New Founds' tip the scales at over $60 million!