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.

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Post by Fabrix72on Nov 14, 2021 5:35pm

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Post# 34125236

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@Tradeahead @Fabrix72 NVO just BLEW OUT expectations and increased its stated wealth with 127 millions, produced a positive free cash flow from NLP, and produced positive free cash from the operation as a whole. What is not to like??? ALL the while they are spending 14,5 millions on exploration WHICH IS GROWTH RELATED, mostly anyways. That is (mainly) not costs, that is growth, which will results in further increase in asset values down the line. Also know as investment. Look at cash flow from operations. It is +12 Million in one quarter!!. Great! - I actually expected a bit less, so that was a positive surprise. NVO is in a great spot right now, and the last thing they need is to raise money. What they should do is work on upgrading the feed (Genie, Parnell/Vulture, or the new 108 gram-meter hit), run the ore sorter trials etc. to increase cash flows further.

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