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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

Post by likeikeon Apr 02, 2021 12:02pm
198 Views
Post# 32932078

A mean green pea

A mean green peaTx very good job but this discussion on PEAs has gone on too long for the benefit of someone that 

does not get that although they have a lot of information they are notoriously conservative. They are 

done by third parties that only err on the side of the ultra conservative. In my opinion they are the 

kings of the lowballs. Murphy's law to an extreme.

Now you have a resource that you cannot do a conventional 43-101 and you expect the PEA to be

less conservative?

Last month my GTT stock was bought out after a 10 year haul. I communicated with a guy that was

part of the 43-101 then I think a year later came the PEA. I have never been more angry with how

conservative it was. They remain just a loose guideline for bankers and beancounters and not 
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