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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Novo Resources Corp > Pulpo

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Comment by gaserx2on Apr 07, 2022 11:33am

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Post# 34584357

RE:Pulpo

One can't look short term at future liabilties. To me the site clean up is years away. Novo is an ongoing business and depending on the life of mine, I'm sure clever accounting will be taking on writedows over the next 7-10 years for the clean up. Not to mention, they seem to have a decent balance sheet now. Not bad for a new mine. Keeping in mind future revenues should grow exponentially with the rise in the POG. At present I think the Shares are undervalued at this point. All this IMHO of course.

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