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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 6,700 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 lithium joint ventures with both Liatam and 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 ronreaganon May 02, 2021 8:08am
99 Views
Post# 33110188

RE:May 4th is almost upon us

RE:May 4th is almost upon usYes Tx, in addition to the dillution caused by the PP itself we had accredited investors dumping their positions to finance their positions in the new PP. Fuel to the fire.

An opportunistic retail investor might also view this as somewhat of a phantom, or artificial, reduction in price - and use it as an opportunity to BUY in anticipation of Mr. Market coming back to his senses vis-a-vis an exploration company that just had its first pour and postured for many years of production as a mining company.

Yes BC must become profitable - but our boys are on the job appeasing the government, tweaking the inputs, etc. From there, we have BOTH Karratha and Egina to add - and there's lots of evidence that sorting works, recent articles from other companies that have had success.

I don't care what a person's "TA" says; short this stock at your own peril - the fundamentals are more important in the long run, NI 43-101 or not.


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