Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

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

Novo Resources Corp

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Post by WisGuy1on Aug 07, 2021 6:08pm

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Post# 33668773

@Tradeahead

 		@Tradeahead @WisGuy1 Exactly my take on where QH is going with this: Creating a new major. That message is all over the asset collection owned by NVO, and QHs mindset to begin with. Which is why I have been gobbling up shares like crazy this year. Nice to hear it in plain text from QH as well of course, never doubted that this was his goal to begin with.
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 		about 5 hours ago

 				 
@Tradeahead...What is really interesting is this: If you are a junior and want to become a major, you would need endless amounts of capital to get there. That is usually spelled dilution. But not for NVO: Already owning the equivalent of 33 small countries in prospective landmass with gold virtually all over the place, 25+ targets, 1 producing mill, free cash flow, and 10% of the best discovery in the Americas in 30 years, NVO already own the base assets for creating a major. The beauty of that of course is that from a shareholders perspective it can grow into a major without massive dilution though a combination of exploration, organic growth, and maybe a few bolt on acquisitions, maybe a share swap or two. But mainly via an asset base which a shareholder can buy for almost nothing right now. Absolutely at giveaway prices. This is obviously 100 times better from a shareholders perspective than a company which wanted to achieve the same solely through roll-ups, or acquisitions. Since that latter company would end up paying through its nose to assemble these assets, it would not enrich its shareholders. NVO truly has potential to go there, in a way that enriches shareholders.
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 		about 5 hours ago