Novo Resources – Exploration Update; Belltopper, Nunyerry North, Egina JV, Balla Balla
Mike Spreadborough, Executive Co-Chairman of Novo Resources (TSX: NVO – OTCQX: NSRPF – ASX:NVO) joins me for a broad exploration update across a number of projects in Australia; Belltopper, Nunyerry North, the Egina JV and Balla Balla.
Key highlights include in-depth details about the Belltopper project, covering recent re-logging of infill drill results, and strategic considerations relating to its proximity to Fosterville and other large gold resources. The update also covers the forthcoming results at the Nunyerry North Project. We then delve into the Egina JV with De Grey Mining and outline its strategic significance and long-term exploration plans.
Mike also shares insights and future plans for the Balla Balla Project, including fieldwork and potential drilling in Q4. Touching on broader strategic issues, we discuss potential JV opportunities, current funding status, and the market environment for gold explorers in Australia.
I could buy it at this level but it looks like it’s going even lower. It has about 20x more cash than debt and a book value about 3x the current price. I wonder how people could buy it at over 8 bucks like they did in 2017.
I’ve never owned it but wouldn’t mind giving it a try at a nickel.
I might try a stink bid at 2 cents good for one month. LOL! DT
Wow, look at the chart for Novo. How could anyone buy a stock like that?