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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 WisGuy1on Jun 04, 2021 3:07pm
109 Views
Post# 33331349

More BM

More BM@fingerprint42 Marsy: If you want to determine the odds of Novo failing at BC you really need to understand the history of Millennium that I wrote about several times. They were processing the wrong ore in the mill and it was lower grade and they literally had to truck water in. None of which exists for Novo. Millennium failed because they were drilling tens of thousands of meters of drilling all over the area in the hopes no one would notice it was uneconomic. They were producing 100,000 ounces a year and if they hadn't busted their pick with their drill programs they would still be around. They almost succeeded. But if Novo broke even on a 100,000 ounce steady state production, that would be a poor do. Beatons Creek isn't going to fail, the worst projections are as good or better than most projects. They have money, great projects and brilliant management both on the operations side and technical side. Give them time or go somewhere else where you see more potential. The trolls that seem attracted as a bee to honey are the biggest problem. They have nothing but stupidity and petty jealousy to offer.
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