Novo Resources Corp NSRPF

Primary Symbol: T.NVO

Metals & Mining Gold

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.

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Novo Resources Corp > 321 Gold back up this evening

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Comment by Perambulatoron Jul 09, 2023 10:05pm

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Post# 35533051

RE:321 Gold back up this evening

We will know with absolute certainty when the bottom has been reached...when the " Gimp" capitulates.

But it would appear on fundamentals at least, that despite the first bit of good new in years, that the companies huge liabilities make Novo's share price still well overvalued, and the bottom could be some time off yet......

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Geologica Resource: Polymetallic upside at a depressed price