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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 goldenboycanadaon Apr 16, 2021 4:52pm
117 Views
Post# 33013097

The justification for PP

The justification for PPThe justification of PP is not clearly explained by our leader QH in any interveiws regarding its time and necessity at all. 
1. He said he has  one and half years of solid mining plan. This recommendation is required for year 2 , 3 and so forth future mining, so why he need money right now.
2. He has a choice of getting money to sell novos holdings in different other companies.
3. He can sell the production in near future and do this job because it has time to do it

with all these reasons this PP seems like very  fishy, seems like QH is under pressure to do that by some forces or the production that started Feb 16th is not happening at all.

If I am wrong please some body correct me I will be very glad and happy

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