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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 6,700 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 lithium joint ventures with both Liatam and 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

Comment by mortgages101on Dec 09, 2022 6:33pm
218 Views
Post# 35162962

RE:Novo math

RE:Novo mathWG based on cash burn considering novo has spent $23M since August, that's about $4.5M a month so a year left of cash. Hmm the whole large land lease holding has been an issue for novo as they have to make payments on those and they keep jumping from one spot to the next without ever getting anything substantial all while blowing money left right and center. What happen to all those on ceo that would post multiple times a day? 
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