Novo Resources Corp T.NVO

From AUinvestor on Sunday

[WisGuy1]

"Yes... 30km away in the same corridor from Hemi's 10million+ Gold discovery with 60+million in the bank to explore it, and people act like Novo is a sell at 26¢... that is some extremely negative sentiment. Good thing I don't follow what others do. If I fail, then I fail through no fault of but my own. I don't think I will fail... I look at the odds for success. The market is assigning next to zero odds... I'm loaded for a grand slam. At 65, I can wait another 10 years or so. We shall see."

[mortgages101]

If only finding gold was as easy as buying a plot of land next to a gold discovery. Rather odd Novo chose to blow $300M at For the BC mill while all along they had the land holding next to Hemi. 

[ValuePro]

"Rather odd Novo chose to blow $300M..." I'm afraid I disagree with how you present your argument, but there is nothing odd about changing course.  Every effort is ranked by priority.  These must change over time based on evolving circumstances.  Beaton's Creek was priority no. 1 when it was acquired, and for good reason.  Things have changed.  That'

[mortgages101]

Well in 2 years they have spent upwards of $300M around BC. The mill, repairs, financing costs, fees, interest,drilling, losing 25%-30% on every ounce produced and sold, grade control, BS bonuses, more grade control, "pausing" the mill, work spent on MRE, now to come full circle to putting it on C&M. So not sure what you disagree with.

[mortgages101]

Time to load up again.... If only the company had been honest.