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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 WisGuy1on Mar 03, 2021 9:35am
142 Views
Post# 32703546

RE:What Became of the Crow?

RE:What Became of the Crow?

Goldfinger: So Novo is going to pay dividends, and when do you think that is that going to start?

Bob Moriarty: Pretty soon. A year or so.

Goldfinger: How large could the dividend be initially?

Bob Moriarty: The market’s really going to be surprised by how low the price of production is, and how much cash flow they throw off. I got my own estimate of what they’re going to do. I know Quinton. Quinton’s my best friend. And he always, always, always understates things. He underquotes and he overdelivers. He is never going to tell you exactly what he thinks he is going to do, because he wants you to be surprised on a pleasant basis. And I agree with that. Guys who overpromise and underdeliver, I hate.

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