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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 absolute27on Jun 15, 2022 6:28pm
192 Views
Post# 34759732

I loved.this stock when it was working

I loved.this stock when it was workingHey folks I have been in novo for many years but you also need to know when something is a bit long in the tooth and up against it in terms of the story. It has alot of headwinds but the market capnis way low even considering all the costs and challenges, it is still at the very least 200 million market cap so this is a bit overdone like most overshoots in the market. A similar play to Novo circa 2018 is inventus mining and it Pardo shallow gold property. Yes it is much more conservative on the management side but it has not only the shallow gold Pardo play but now has a low grade property developing on its Subury 2.0 property. I have rolled some of my novo winnings over the last few years into ivs only because it was the same sort of shallow gold play story but over the years inventus now developed Cobalt hills and Rathbun at their Sudbury 2.0 property. Yiu still get Sprott and McEwan who are both in on ivs in a pretty big way so there is kind of a novo 2.0 developing-maybe a little more reasonable but with serious management and insiders and a great set up. I still like novo but I have gotten out safely of most of my position for now.
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