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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
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Post by Fabrix72on Jul 06, 2022 6:01pm
114 Views
Post# 34806613

STILL ROFL

STILL ROFL@mwfolsom @afarmer - I hope you are right but I have ridden this thing down believing all the hype and that is my fault. The plan was to use the sorting systems to extract enough gold to keep the exploration going and build something real. Now they have admitted that the sorting process isn't all that profitable and are stopping it. In a sense that is good but what are we left with? A hope that some part of the Aussie Gov will permit something in the future. No production for 12 to 18 months at best while they drill and bleed through their cash and a promise that the grades will be better when/if production starts up again. Can they actually raise money in their current situation? I don't know but for a while now the only news from Novo has been bad.
#nvo, 

@afarmer @mfwolfson my analysis is they are hitting the reset button. We don't know what they know because if they disclosed everything they could very well be an M&A target for acquisition at these share prices. Could be wrong but willing to give them the benefit of the doubt.
#nvo, 
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