Subscribe Now - Click Here: 1 Year for only $149 or 3 months for $99
Novo Resources Corp are a gold focused junior near-term producer with exploration properties in Australia and Canada. They have approximately 0.8Moz. of gold in the reserves and resources category of which 0.3Moz. are in the measured and indicated category. They have a market capitalisation of ~C$683.41M which is a rise of roughly 52% over the last days. As of 08/12/2017 they have no debt and ~C$11.93M cash. They have 116M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.
Login to access Don's Summary
Profitability (by resource)
Future Valuation (Cash Flow & Totals)
Login to view
Exciting properties in Australia. They found 500,000 oz at 1.5 gpt on their first 16,000 meters of drilling.
Gold Price (last analysis) ($)
Silver Price (last analysis) ($)
Stock Price (last analysis) ($)
1 Yr Stock Price High ($)
Stock Price Change From 1 Yr High (%)
Stock Price USA 5-Year High ($) (including date)
$1.85 – 3/11/2014
Stock Price USA 5-Year Low ($) (including date)
30 Cents – 10/14/2011
Led by Quinton Hennigh, a top notch geologist, who is the CEO. If there is gold on this property, he will find it. He is one of the best geologists in the world. '
Local Issues (wag)
Labor costs can be high in Australia
Country of Incorporation
Beatons Creek (125,000 acres)
Shareholder Friendly (wag)
Yes: Very low dilution, cash in the bank, and strong stock price.
Beatons Creek looks like a potential flagship
Ore Grade (wag)
Appears to be a about 1 gpt
First 43 holes were promising: 35 meters at 2gpt, 36 meters at 1.3 gpt, 23 meters at 1.8 gpt.
8/12/2017: Decrease rating from 2.5 to 2 after their share price exploded.
You must be logged in to create/edit your own personal