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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 23, 2021 7:43am
276 Views
Post# 33433048

@tradeahead

@tradeahead
@Tradeahead Enthusiastic- totally elated more like. Remember the say 112 million we have made with NFG in 2021 alone- add up that we are confirmed cash flow positive at Nullagine (not just through my calculations turning out to be spot on, but by official word of the company), making money every day and month, and all of the new targets abounding, ore sorting en route, 100Koz/year en route (they were very confident to increase Koz EVERY MONTH going forward) and I see even more reasons now why 100koz will be surpassed, NVO is now a GROWTH story as well as an exploration and production story, and with the large number of targets out there how would they ever run out of gold??? - quick answer: maybe 50 or 100 years from now, but not in my lifetime. With the large amount of targets and now proven economic production, we are looking at a cash machine, which also has a "hidden" element of being an optionality play during the coming gold bull, as the land and gold bearing tenements will increase in value. And indeed it just did increase in value with proven economic production. The mill increased in value too. And Malmsbury play is very interesting too, given QHs Kirkland lake/NFG experience. It may open op an all new frontier for NVO as an explorer if it hits something juicy there. Same for De Grey style targets. I mean come on, this AGM delivered on absolutely EVERYTHING I had hoped for. NVO de-risked, money-making, growing, ready to conquer the Pilbara. 10 about an hour ago
 
@Tradeahead As I mentioned before: NVO acts like a major in the making. Where else would you find all this diverse activity across the Lassonde curve, across Australia, with a trip to Newfoundland across new groundbreaking technology, exploration, production, organic growth, a ton of different geologic types of targets, ranging from alluvial high margin targets, to potential high grade De Grey or Fosterville style targets, first class teams, etc. etc. QH was originally in his earlier days thinking about an executive position at Newmont, and now he has found it, except as President of another major (in the making), NOVO resources. This is going places, and I am excited to be a part of it. "Not a trading sardine". - a multi decade long term core holding.
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