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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 BuccaneerBarneyon Oct 10, 2022 11:29am
189 Views
Post# 35015700

So

SoI still say 0 to $.15 by xmas.

And since the true believers appear to see value here and keep buying, why is beyond me, it would seem that 3 things need to occur to get to that price range.


The drilling needs to come up with nothing material, which seems inevitable based on past history of the 2 live crew, the pfs needs to come out negative for fresh, which I have no doubt about, unless they cant count, and nvo needs to go broke, which they are already with site restoration counted and non performing assets written down to zero.

Or in the alternate gold needs to tank, which is a possibility as it doesnt seem to be good for much.



Bucc logic.


Bucc


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