Novo Resources Corp T.NVO

NOVO

[arh0070]

Novo has one of the largest land positions in the Pilbara ,they are producing gold and have a plant .If you read the news release about Malmsbury they have done a lot of exploration over the last year to identify drill locations .I happen to also own GBM resources ,the Aussie company which acquired the Malmsbury prospect/license .This is a nearology play to Fosterville and if you look at the geology ,this is the license with one of the best locations to find another Fosterville.
Novo has incredible potential with all its licenses ,its production of gold should improve now they have the mechical sorter on site .
There is lots of incredible news coming out of the Pilbara with huge potential for gold (see DEG)Lithium (I own Kalamazoo) and other metals (combined with gold).Everything has taken so much longer than expected because of Covid .
You make money in mining stocks by buying when everyone is selling and selling when everyone is buying In my opinion NVO is an incredible buy at current prices ,its share price is depressed like so many other gold miners ,end of year tax loss selling makes this an incredible buy at these levels .

[BoxcarWilly]

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[PulpCutter]

  Arh: you may want to check the rent and required expenditure schedule, on those hectacres.  They go up steeply; years 5-8+. Western Australia does NOT want you to sit on land.  Nor will they (or the aboriginals who hold the land) permit you to simply dig up the landscape willy-nilly, going after a horizontal layer 1-2 meters thick.   Years 1-3 rent: $136/block

[BoxcarWilly]

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