RE: Could Novo Resources be De Grey 2.0?No. While DEG are eager to snap up any ground where there is just about any hope to find Toweranna mineral deposits, they are cashed up and in a position to play the long odds with not much to loseif they stike out. There are a dozen or so companies that hold ground where they hope to find "another hemi" but the odds of finding another once in a millenium gold patch are extremely long.
If Novo was an Australian based company it would most probably be a 2c company amongst a long list of hopefull exploration companies that dont do much exploration. Companies that systematically fail in every project are not rewarded in Australia, and where management is blatantly incompetent there is not likely to be a lot of intetest in NVOs listing there.