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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 Aug 06, 2021 8:25am
123 Views
Post# 33662520

@Tradeahead

@Tradeahead@Tradeahead @olr you hit the nail on the head there: "far too few reading here realize that Quinton Hennigh has built Novo into something that is more than the equivalent of all the South African mines put together, for practical purposes a mine with more than a lifetime resource base". Maybe it will take 50 or 100 years for people to realize it. It has been a massively bold move to go look for that, first from a theoretical viewpoint, and later a practical, raise the capital, and assemble all these assets, and ultimately begin production. There was along the way, multiple points at which it could have failed as well. Now we are past all that. With around 10 million in free cash flow generation per month, we generate enough excess cash, to engage turbo in bringing first some, later all these targets which QH has lined up with great patience over the years, to fruition. Capital was always the limiting factor. Not so much anymore. 
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