Novo Resources Corp

NVO-X

Analysis and Opinions about NVO-X

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
March 4, 2019
They are a developer, early stage, and looked to be on to a big discovery. Now it looks like a lower grade but economic mine. If you look at the valuation, it still looks like they are onto a high grade discovery. He would move on.
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They are a developer, early stage, and looked to be on to a big discovery. Now it looks like a lower grade but economic mine. If you look at the valuation, it still looks like they are onto a high grade discovery. He would move on.
DON'T BUY
DON'T BUY
March 6, 2018

He doesn’t buy into companies that don’t have revenues or very likely revenues in the near future. He’s always worried about dilution and debt loads.

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He doesn’t buy into companies that don’t have revenues or very likely revenues in the near future. He’s always worried about dilution and debt loads.

COMMENT
COMMENT
October 2, 2017

Thinks they might have something here, so he is willing to Hold. It’s a big land package. The proof in the pudding is going to be an actual drilling program. They’ve taken a few samples from trenches that has given them some incredible grade, like 60 g. Have now permitted for a drill program to do some diamond drilling, because they are looking for the big conglomerate layer. Within the conglomerate, that is where the gold is. This will be followed by some reverse circulation to sample that, and that is where we will find if something is there.

Show full opinionHide full opinion

Thinks they might have something here, so he is willing to Hold. It’s a big land package. The proof in the pudding is going to be an actual drilling program. They’ve taken a few samples from trenches that has given them some incredible grade, like 60 g. Have now permitted for a drill program to do some diamond drilling, because they are looking for the big conglomerate layer. Within the conglomerate, that is where the gold is. This will be followed by some reverse circulation to sample that, and that is where we will find if something is there.

COMMENT
COMMENT
July 31, 2017

He is fond of the management team. The stock has been on a run because of the surface discovery. His partner is a very large shareholder. He wants more technical proof of concept.

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He is fond of the management team. The stock has been on a run because of the surface discovery. His partner is a very large shareholder. He wants more technical proof of concept.

COMMENT
COMMENT
March 8, 2016

Their project is in Australia. They came up with an interesting idea which created quite a bit of interest. However, they haven’t put together the big continuous reefs that they have in south Africa. Part of the problem is that Australia has a lot more Techtronic displacement and thrusting, and the jigsaw puzzle is not sitting there nice and clean. Right now they are focusing on one of the areas they did find, to develop a small scale mine and turn it into a cash cow.

Show full opinionHide full opinion

Their project is in Australia. They came up with an interesting idea which created quite a bit of interest. However, they haven’t put together the big continuous reefs that they have in south Africa. Part of the problem is that Australia has a lot more Techtronic displacement and thrusting, and the jigsaw puzzle is not sitting there nice and clean. Right now they are focusing on one of the areas they did find, to develop a small scale mine and turn it into a cash cow.

COMMENT
COMMENT
June 26, 2015

They are on to a Witwatersrand basin deposit in West Australia. There is a mineable portion sitting at surface that they are trying to get going, and he has no doubt that there are millions of ounces there. What portion of that is economic, he doesn’t know. Have done a fantastic job, and the stock has come off quite a bit.

Show full opinionHide full opinion

They are on to a Witwatersrand basin deposit in West Australia. There is a mineable portion sitting at surface that they are trying to get going, and he has no doubt that there are millions of ounces there. What portion of that is economic, he doesn’t know. Have done a fantastic job, and the stock has come off quite a bit.

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Novo Resources Corp(NVO-X) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Novo Resources Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Novo Resources Corp(NVO-X) Frequently Asked Questions

What is Novo Resources Corp stock symbol?

Novo Resources Corp is a Canadian stock, trading under the symbol NVO-X on the TSX Venture Exchange (NVO-CV). It is usually referred to as TSXV:NVO or NVO-X

Is Novo Resources Corp a buy or a sell?

In the last year, there was no coverage of Novo Resources Corp published on Stockchase.

Is Novo Resources Corp a good investment or a top pick?

Novo Resources Corp was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Novo Resources Corp.

Why is Novo Resources Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Novo Resources Corp worth watching?

0 stock analysts on Stockchase covered Novo Resources Corp In the last year. It is a trending stock that is worth watching.

What is Novo Resources Corp stock price?

On 2020-07-10, Novo Resources Corp (NVO-X) stock closed at a price of $3.98.