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 > Our 11 percent interest in New Found Gold

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Comment by TXRogerson Mar 01, 2021 7:05pm

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Post# 32691463

RE:RE:Our 11 percent interest in New Found Gold

thegoldfish wrote: So where would we be without all that New Found support? $2? $1.50? Lower?

I don't believe that NFG ownership has a significant impact on NVO share price. It becomes almost like a treasury position within the NVO asset base.

The two stocks trade separately and are driven by very different factors and news events.

And regarding stock buy/sell advice from $hithouse posters: Separate the ones that tell you what to buy and sell, from ones that tell you WHY they have bought and sold.

The critical difference is that in the case of the latter, the onus to think is placed on oneself. And don't confuse a seller that explains their rationale for their position as a basher. Many times, it's the opposite.

The ones that tell you what to do because they know, can go f-uck themselves. Because they don't know.

Tx