Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 WisGuy1on Apr 22, 2023 9:18pm
318 Views
Post# 35409090

From @AUinvestor

From @AUinvestor"...... I should have also mentioned in my prior post that historically, Gold has indeed performed extremely well during periods when there was a deteriorating fiscal situation at the same time there was a lack of investor interest in Gold... i.e., fence sitters waiting on their "And If But" "geniuses" screaming "Show Me" before they'll come off the fence (as pointed out then, always happens at bottoms)... an extremely bullish sign (maybe even a prerequisite) based on the contrarian investment philosophy that seeks to identify assets that are undervalued/over-sold/out of favor in the market. As an avowed, avid, unabashed, outspoken contrarian "Value Investor" who has always been most unpopular when buying an over-sold/under-valued asset at a bottom (over the past 3 decades - hundreds of examples - but you can think Novo bought as cheap as 18¢/share as just one of those) underpriced/over-sold as presenting a massive potential opportunity for a value investor such as myself to buy low and potentially profit from the mass hysterical ignorance (of others that actually sold to me at 18¢ and under! lol) during this time of yet another vicious cycle unfolding where Gold's performance in this time of economic uncertainty and price inflationary pressures accompanied by a complete and utter lack of investor understanding/perspective/interest is a quintessential, complete, utterly bullish sign for a contrarian investor such as myself and others here in the group. If you also feel this way, I'd say you are in the best of company and to sit tight in this "stealth bull market move in precious metals and the miners" that we've been so far correct it would be... sit tight as you WILL BE right!" 
<< Previous
Bullboard Posts
Next >>