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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 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.


TSX:NVO - Post by User

Post by JhannyRingoon Oct 23, 2024 6:16pm
148 Views
Post# 36279353

Waluepro

WalueproWoll you like I translate that from catfish speak?

Translation "help, we are running out of cash and we hope no one compares eventual sale price of Elementum 3D and San Cristobal to the pumped up carrying values on our books as they were bumped up on minimal private placement values with no real market price discovery. And when I say "help", I mean real soon. please.".

And dont mention that to anyone who invested in Crescats metal funds please, because we might have to give back the one time 20% bonuses we paid ourselves when we adjusted the carrying values and fund performances. We really dont want to reimburse those bonuses when we sell the 2 holdings at a huge loss to carrying value.


Jhanny Ringo
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