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Bullboard - Stock Discussion Forum 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... see more

TSX:NVO - Post Discussion

Novo Resources Corp > The third dimension
View:
Post by likeike on Feb 08, 2021 1:01pm

The third dimension

I am very surprised by some of our regular posters falling in to regular valuation talks

about or with others. A 43-101 is the gold standard in the business and something the

market and others will not accept anything less of. We have a good portion of a resource 

in conglomertes that canno t be quantified. This is a complete pipe wrench to the industry

 as is a Witteswaterand theory.

I always remember my university organic chemistry professor lecturing how that when a

couple of americans came up with the idea of chemical atoms interacting in a 3 dimensional

environment they were ridiculed by the foremost chemist of the time from Paris. That was

just a 150 years ago.

We will never get a fair IMHO until the market figuires out a 43-101 will never work here and

you better think outside the box on this one. IKE
Comment by ValuePro on Feb 08, 2021 1:50pm
"...until the market figures out a 43-101 will never work here..." Much of the retail market pays no attention to such things.  That's for institutional investors and I don't think they will be paying attention in the near term.   Beyond that, cash slow and all-in sustaining costs (when reported) will turn a lot of heads. VP in AZ
Comment by scatterhead on Feb 08, 2021 3:10pm
Likeike; "Mine it and they will come"....JIMHAUPCO...EOM
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