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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 arh0070on Aug 05, 2021 9:06am
176 Views
Post# 33653826

Nvo

NvoSometimes it is not possible to see the woods for the trees.I have been tracking and owning nvo off and on for 3 yrs ever since the Witts2 excitement.It is quite extraordinary what they have accomplished in a short period of time .They are profitably producing approximately 100,000ounces of gold per year ,they have massive land holdings in the Pilbara ,multiple other jv potential projects (I own GBZ:AU) which has high potential for another Fosterville.
Thier investments in Newfoundland and New found have high potential .I suspect that that is where Mr Hennigh is going to focus his energies along with Eric Sprott.Easier to get there than Australia.
I have traded in and out of NVO,currently in ,long term potential of NVO is quite frankly incredible.especially as they have cash flow to fund exploration .
Their position in Newfound alone could be worth what the company is valued at right now .
As mentioned DEG is valued at 1.6 billion on the basis of their find in the Pilbara without any prospect of production anytime soon ,NVO could easily have a find like DEG in its vast Pilbara holdings.

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