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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 Apr 23, 2022 4:33pm
386 Views
Post# 34626550

Novo (I posted this on CEO board)

Novo (I posted this on CEO board) IMHO, what many of you are missing is that QH has never given up on his dream of building Novo into a mid tier gold company. Lots of start up mistakes have been made and have been or are being rectified.  Just in the last 2 weeks, Sumitomo has re engaged as a shareholder and a very well informed investor has bought thousands/millions of shares that they must view as a great investment.I have been able to add about 15% more shares at about US$.70.

Yesterday, QH said that Novo is going squirrel hunting with some of the $125M from the NFG share sale (the shares that made an obscene profit and are now selling for about 10% lower than Sprott paid). I have no inside information on any details, but I'm pretty sure that he has already bagged (or is about to bag) at least one  huge squirrel. We're all free to exchange our opinions here. I'm still in the "time, patience and you just watch stage". GLTA.
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