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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

Comment by ValueProon May 28, 2023 10:59am
121 Views
Post# 35467800

RE:Sold my nvo shares for goldshore resources (6Moz)

RE:Sold my nvo shares for goldshore resources (6Moz)
"More upside there with 6moz in Canada."

You ain't clear, Buddy.  That statement has so many variables that it's almost nonsense.  And I will take it as nonsense until you can provide the details behind your thinking to allow for a more serious consideration of the comparison.  That is, "more upside" compared to what?  No discovery at Becher or elsewhere among Novo holdings?

I think you mean there is less risk for gains (at present)  at that other company, not more upside, unless Novo fails to declare a significant discovery.  Or are you suggesting, in your opinion, that Novo will fail at Becher and elsewhere?

Or perhaps you do not understand the difference between a pre-PEA explorer and one with no discovery yet reported?

Long argument short, I think you are wrong when comparing the potential multipliers from this point in time.

But, so long.  It's been good to know ya'.

VP in AZ







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