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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 BetontheFed1on Apr 09, 2021 12:54pm
68 Views
Post# 32967294

RE:Notice EVERY NVO NR is POSITIVE!!

RE:Notice EVERY NVO NR is POSITIVE!!
oldfx1 wrote: Since $8+ when MORONarty stated this will produce FIREWORKS for months to come....YET the REALITY is NVO has declined - 65% since THE TOP

Every interview, every news release is ALWAYS Pumped as a positive with the CLASSIC being May 31st 2018 HHorseASS tells us Mr Market doesn't understand the NR...NVO will be $30 by year end.....well you complete BS PUMPING CHARLATAN even after the First World Famous GOLD pour NVO REALITY = sub $3


They needed to borrow $5 million more?  I thought they were producing gold?  They get $1.7 million U.S. for every 1,000 ounces sold.  They're supposedly at 4,000 tons per day at 2 grams per ton.  That works out to 7,000 ounces a month.  They should be generating $7 million U.S.  a month in free cash flow and they need to borrow $5 million?  Methinks the plant is jinxed and is not working well or Novo wants to buy something.  Just weird.

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