Novo Resources Corp T.NVO

Novo math

[WisGuy1]

$52M in cash, $20M in equities,  an unencumbered Mill operation, 11,500 square kilometers of highly prospective ground and two JVs we get for free.   

Totals a $76M market cap? Hmmm.

[mortgages101]

WG based on cash burn considering novo has spent $23M since August, that's about $4.5M a month so a year left of cash. Hmm the whole large land lease holding has been an issue for novo as they have to make payments on those and they keep jumping from one spot to the next without ever getting anything substantial all while blowing money left right and center. What happen to all those on ceo

[Mineshack]

And the drills are turning!!!

[ValuePro]

And the drills are turning at multiple project areas !!! There will be plenty of opportunities to sell or JV projects long before the cash runs out.  That's my bet, and I'm sticking to it.

[Perambulator]

One small problem.Well not all that small. Novo might find a deposit, in fact they are certain to find mineral deposits because they looked up minedata and found the location of old mines..even though it took them 3 year and millions of dollars to do so. And they are drilling in a couple of locations. We know they are totally clueless in interpereting drill resusts, in fact any sort of mineral

[mortgages101]

VP where are the drills turning currently and where have they been turning for the past 12 months and what have they found. Lots of chip samples. 

[femos72]

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[nenohav]

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