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.

TSX:NVO - Post by User

Novo Resources Corp > Putting a Price on Novo

<< Previous

Bullboard Posts

Next >>

Post by WisGuy1on Mar 10, 2021 10:51am

215 Views

Post# 32762406

Putting a Price on Novo

@shanplus43 Even using basic Graham and Dodd valuations, Novo is very very cheap.. Think of the production possibilities - perhaps 100,000 Oz this year and 200,000 next year. At a margin of $1000/oz, we are looking at a net profits of $200M next year... eps of 8USD or about CAD 10. A forward p/e of 10 would have to be the lowest given the growth ahead... so this time next year, we should be trading in double digits easily... Novo has to be lowest risk and high returns company in any industry at this point in time..

<< Previous

Bullboard Posts

Next >>

Eminent acquires promising Nevada gold project