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 > Crazy Week for NVO

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Comment by ValueProon Jun 17, 2022 6:19pm

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Post# 34765963

RE:Crazy Week for NVO

I'm long, so no worries from me either way.

If it goes up, I will smile and continue watching. If it goes lower, I will continue buying, as I did in the middle of the week. I did that because I judged that the knee-jerk selling took the capitalized value below assets plus receivables. Buying under such conditions always spells S-M-A-R-T M-O-V-E, in my opinion. Try it sometime.

Traders must steer a different course, of course. Which are you?

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