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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 Perambulatoron Jun 07, 2023 3:19am
129 Views
Post# 35483760

RE:RE:Crescat

RE:RE:CrescatLooks like Grinch will be your Xmas visitor!

If Novo had 1m oz or better, wouldnt they have announced  drilling intercepts that were somewhere in the ballpark of the order of magnitude of what we would expect for a deposit of this size? With some more work they may prove up 50-100k oz but will it be economic? Novo hasnt been able to distinguish the difference between economic and uneconomic deposits to date after spending hundreds of millions of dollars over nearly a decade..

As nearly every Novo investor has learned the hard way Hennigh = Grinch

 
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