Bullboard - Stock Discussion Forum Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

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 5,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project... see more

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TSX:NVO - Post Discussion

Novo Resources Corp > @olr on CEO

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Post by WisGuy1 on Nov 24, 2021 8:47pm

@olr on CEO

@olr @afarmer "You're using a US$3 cutoff. Well, you're not only out of sync with @Tradeahead and me, but you have dragged out into the open the only disagreement between us. @Tradeahead has come up with an asset-based valuation of US$6.71, I think. I've been much less precisely saying that below $5 Novo is undervalued, and below $2 it's a steal. So, roughly you think that it's a bit better than a half-off deal, I suggest it's at roughly a 75% discount to fair value, and @Tradeahead has it off more than 80%. Guess what? At some point we'll all be 1. correct, and 2. with everyone else, asking why we didn't buy more when we had the chance? Just for fun, everyone should recall that in late summer of 2017, Novo DID go up roughly 10X in a heartbeat. I still remember that. Recurrence odds are not zero...... My strong hope is that Novo does NOT catch a bid right now for 2X to 3X current price. I never have doubted Quinton Hennigh's word that he is developing a gold DISTRICT. Most people still cannot get their minds wrapped around Novo having the potential to be something on the order of the sum of ALL the Wits mines put together."

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