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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 > A mean green pea
View:
Post by likeike on Apr 02, 2021 12:02pm

A mean green pea

Tx very good job but this discussion on PEAs has gone on too long for the benefit of someone that 

does not get that although they have a lot of information they are notoriously conservative. They are 

done by third parties that only err on the side of the ultra conservative. In my opinion they are the 

kings of the lowballs. Murphy's law to an extreme.

Now you have a resource that you cannot do a conventional 43-101 and you expect the PEA to be

less conservative?

Last month my GTT stock was bought out after a 10 year haul. I communicated with a guy that was

part of the 43-101 then I think a year later came the PEA. I have never been more angry with how

conservative it was. They remain just a loose guideline for bankers and beancounters and not
Comment by TXRogers on Apr 02, 2021 6:03pm
  I disagree Ike.   A poster asks some questions, and requests additional clarity on the responses. If this type of conversation carries on "too long", but raises additional questions or concerns, then it hasn't carried on long enough. It often explains what you see in the market action. Tx
Comment by likeike on Apr 02, 2021 7:59pm
You misunderstood my meaning Tx. Cats are more evlolved then dogs because  they like whirled peas. I have always been of the opinion too much is made of a PEA by the market but it is  just there for bankers as a relative marker. In the case of NVO I saw very little benefit for a 43-101 and even less for a pea. But to you I surrender that you are more knowledgable in this area then I ...more  
Comment by TXRogers on Apr 02, 2021 10:31pm
Let's just say this Ike:   We know nothing more from the PEA than what we thought we knew prior to its release. How's that for being in "the know"? Lol Tx  
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