Novo Res Corporation (QB) (NSRPF) Share Price

Nope. Nevermind. They dropped it too much on the close. eom

There was a psychologist in the 90's, Bill Williams, who studied stock volume relativity to price action. He found today's price action is often (90%) a precursor to opposite reaction. He called it "squat". I am already long but I find these events interesting..... enough so that I sometimes trade them stand alone. My initial interest was the momentum event of December 18 which has yet fully flowered.

I don't know anything about this company. I have been building mathemaical queries for stocks under a dollar. I bought this one for .115 I think it was.

Pure junk as this shows.

Just jumped in with the recent news! This stock is going to jump huge. Can't wait!

Why the large price drop on volume last several days?

Seems no news except about exploration drilling results that are strong. Rainy season drilling on hold seems unjustifiable reason.
What's up?

With the pending sale of their stock investment in New Found Gold they will have totally, or close to, taken the risk of bankruptcy or failure away and I'm all in. Buying today and fully invested!

Because, they just recently made the transition from explorer to producer. Things should get progressively better from here, although there can and likely will be some bumps. I'm long from 1.935.

Just stumbled on this. Why if they have so many mines rich in good stuff, do they show a loss in profits? :)

Probably your last chance for < $2 ( in US$ )

Here is the latest press release on on Novo Resources: https://provenandprobable.com/novo-provides-operational-update-from-beatons-creek/

Here is the latest interview with Dr. Quinton Hennigh in video, audio, and transcript. Novo is Going into Production!

https://provenandprobable.com/novo-resources-australias-next-gold-producer/

NSRPF is a sponsor and we have been shareholders over 3 years.

Here is the latest press release from Novo Resources: https://provenandprobable.com/novo-acquires-stake-in-gbm-resources-option-over-malmsbury-gold-project/

NSRPF is a sponsor and we are shareholders.

Here is the latest press release from NSRPF:
https://provenandprobable.com/novo-completes-acquisition-of-purdys-reward-47k-patch/

Novo is a sponsor and we are proud shareholders.

Here is the latest update from Novo Resources: https://provenandprobable.com/novo-discovers-new-terrace-gold-at-egina-receives-positive-initial-sorting-test-results/



Novo Resources is a sponsor and we are shareholders.

$NSRPF Keeps going :)

News: $NSRPF Novo Reports Significant Sub 1mm Gold From Egina

VANCOUVER, British Columbia, Dec. 03, 2019 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“ Novo ” or the “ Company ”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce it has received gold assay results from the sub 1 mm fraction from bulk samples from its Egina go...

Got this from NSRPF - Novo Reports Significant Sub 1mm Gold From Egina

Major breakout over the past 8 days - new highs for the year !!!

Novo is just starting its big move.

News: $NSRPF Gold Producers in Australia

With gold prices rebounding from previous market slumps, now may be the perfect time for investors to look into the gold space, as the yellow metal is showing no sign of retreating.  In particular, market participants may want to turn their attention to investing in Australia, as it is...

Find out more NSRPF - Gold Producers in Australia

$NSRPF Another one on the watchlist...

News: $NSRPF Novo Plans Bulk Mechanical Sorter Trials for Egina and Beatons Creek

VANCOUVER, British Columbia, Nov. 26, 2019 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“ Novo ” or the “ Company ”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce it is planning mechanical sorting test work on multi-tonne samples of gold-bearing conglomerate f...

Find out more NSRPF - Novo Plans Bulk Mechanical Sorter Trials for Egina and Beatons Creek

Crazy Chart Man

Thing sold off - Even with that news.....I recieved that news as well - Can't remember how.

Thanks for all the work you do here. It's often very good.






Why did that thing hit 2.60 and then just sell off ????


Maybe it was The Blue Line triggering algo something

News: $NSRPF Novo Recovers Significant Coarse Gold From Bulk Samples at Egina

VANCOUVER, British Columbia, Aug. 22, 2019 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“ Novo ” or the “ Company ”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce further positive results from its Egina gold project, Western Australia. Novo has recovered signi...

Got this from Novo Recovers Significant Coarse Gold From Bulk Samples at Egina

Here is the latest interview with Dr. Hennigh in Video, Audio, and Transcript: https://provenandprobable.com/novo-major-gold-company/

Novo is a sponsor and we are shareholders.

Looks a strong close. Keep loading now

Looks a strong close. Keep loading now

SP starts moving.

SP starts moving.

News: $NSRPF Novo to Advance Egina Gold Project by Way of US $30 Million Farmin & Joint Venture With Sumitomo Corporation

VANCOUVER, British Columbia, June 07, 2019 (GLOBE NEWSWIRE) -- Novo Resources Corp. ( “Novo” or the “Company” ) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that it has entered into a US $30 million farmin and joint venture agreement (the “ Agreem...

Got this from https://marketwirenews.com/news-releases/novo-to-advance-egina-gold-project-by-way-of-us-30-million-farmin-joint-venture-with-sumitomo-corporation-8318624.html

Novo files updated Beatons Creek Technical Report

https://provenandprobable.com/novo-beatons-creek-technical-report/

which coincides nicely with the follow musing from Jayant Bhandari regarding Novo Resoures: https://provenandprobable.com/america-not-the-best-country/

Novo is a sponsor and we are proud shareholders.

News: $NSRPF Novo Commences Pilbara Exploration Program

VANCOUVER, British Columbia, April 29, 2019 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“ Novo ” or the “ Company ”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to provide an update on current exploration programs. Following the end of a late wet season, Novo has comme...

Got this from https://marketwirenews.com/news-releases/novo-commences-pilbara-exploration-program-8074886.html

News: $NSRPF Novo Reports No Material Change

VANCOUVER, BC / ACCESSWIRE / March 13, 2019 / Novo Resources Corp. (" Novo " or the " Company ") (TSX-V: NVO; OTCQX: NSRPF), at the request of the Investment Industry Regulatory Organization of Canada, reports that management is unaware of any undisclosed material change relating to the Comp...

Got this from https://marketwirenews.com/news-releases/novo-reports-no-material-change-7845270.html

Here is the latest interview with Dr. Quinton Hennigh in video, audio, and transcript:
https://provenandprobable.com/novo-resources-companys-quest-to-become-an-established-gold-producer-in-australia/

Novo Resources is a sponsor and we are proud shareholders.

New update from Novo Resources: https://provenandprobable.com/novo-resources-mechanical-sorting-generates-encouraging-results-at-karratha/

Novo Resources is a sponsor and we are shareholders.

Here is the latest press release from Novo Resources: https://provenandprobable.com/novo-provides-near-term-update-on-exploration-progress/

Novo is a sponsor and we are proud shareholders.

Here is the latest press release from Novo:

https://provenandprobable.com/novo-and-sumitomo-corporation-extend-memorandum-of-understanding-to-advance-novos-australian-projects/


Novo is a sponsor and we are shareholders.

Nice move for gold today, as well as selected mining shares.

Here is the latest from Novo Resources: https://provenandprobable.com/mechanical-sorting-yields-gold-rich-concentrates-at-karratha-egina-terrace-gravel-returns-positive-gold-result/

Novo is a sponsor and we are shareholders

Here is the latest press release from Novo:

https://provenandprobable.com/junior-mining-novo-announces-dtc-eligibility/

Here is an interview with Bob Moriarty regarding geopolitics to geological. Specific to NSRPF scroll to the 16:40 mark of the video, audio. Transcript is included:

https://provenandprobable.com/bob-moriarty-from-the-geopolitical-to-the-geological/

https://provenandprobable.com/junior-mining-novo-closes-recent-transactions/

Novo Resources is a sponsor and we are shareholders.

https://provenandprobable.com/junior-mining-novo-finalizes-transaction-with-creasy-group/

Here is the latest press release from Novo:

https://provenandprobable.com/junior-mining-novo-artemis-jv-confirms-continuity-of-upper-gold-bearing-conglomerate-from-comet-well-to-purdys-reward/

The Smart Money is in Pilbara Conglomerate Gold Plays
Investing News Network - July 26th, 2018

Pilbara’s conglomerate gold discoveries may be a test of mining ingenuity but long-term investor confidence remains.

The Pilbara Gold Rush in Western Australia kicked off in July 2017 with Artemis Resources (ASX:ARV) and Canadian joint venture partner Novo Resources’ (TSXV:NVO) discovery of near-surface conglomerate-hosted gold nuggets over impressive strike lengths at Purdy’s Reward.

By November, more than two dozen resource companies had flooded into Pilbara searching for gold. The discovery also caught the attention of major player Kirkland Lake Gold Ltd (TSX:KL, ASX:KLA), which has invested C$56 million into Novo Resources, as well as kingmaker Eric Sprott who has taken up share positions in a number of players in the region.

The Pilbara Gold Rush is well into its first year and although there have been some road bumps along the way, there is still a healthy momentum rolling through that red earth. Resource companies are quickly securing strategic financial partnerships and acquiring land packages in the hopes of hitting pay dirt on the watermelon seed-shaped gold nuggets being likened to the conglomerate gold found in South Africa’s prolific Witwatersrand Basin.

What is conglomerate gold and why is it important?

Sediment-hosted conglomerates, of which Witwatersrand is the most famous example, account for more than half of the world’s gold production. These types of deposits are known to occur in many Archean cratons globally—including those found in Europe and India—resting unconformably over Archean granite-greenstone terrains.

Western Australia’s resource-rich Pilbara region covers more than half a million square kilometers including some of the world’s most ancient rock formations and is most well-known for its world-class iron deposits. However, the latest developments have shown significant potential for new gold-focused districts. The fact that the region remains underexplored despite a well-entrenched mining industry is all the more attractive to majors and juniors alike.

“The Pilbara Region of Western Australia is one of the most resource rich areas in Australia and there has been very little exploration at depth,” said Artemis’ Executive Chairman David Lenigas. “In essence, Western Australia has been spoilt for choice for shallow mineral wealth. It’s time that someone started looking for the source of a lot of mineralisation in the Western Pilbara that has fed the many surface deposits of cobalt, nickel, copper, zinc, gold and PGE’s, within Artemis’ extensive tenement package south of Karratha.”

The crux of the excitement in the region is over the possibility that the Pilbara Craton shares geological DNA with South Africa’s Kaapvaal Craton, home to the Witwatersrand Basin—which hosts the earth’s largest known gold reserves and is responsible for over 40 percent of the gold produced worldwide to date. The Witwatersrand Gold Rush of 1886 was largely responsible for the establishment of Johannesburg, and so important to the economic development of South Africa that the national currency is today known as the Rand.

While there are significant differences in the two systems (including provenance, tectonics and continuity), there are similarities worth exploring, according to a recent presentation by SRK Principle Geologist, Mike Cunningham. Both Pilbara and Witwatersrand sit on top of Archean granite-greenstone basement similar in age and composition, hosting numerous small mesothermal gold deposits (with high-nugget mineralization). In both regions, gold deposition is closely related to the deposition of detrital pyrite, uraninite and carbonaceous matter.

“Is the conglomerate gold in Pilbara real? Yes, of course it is. Can we use Wits as an analogue? Yes. But there are very important differences,” said Cunningham, who also emphasized that “discovery matters.” That is to say that although the deposit model type for Pilbara’s gold system may not be exactly the same as that found in the epic Witwatersrand Basin, it is in fact conglomerate gold and worthy of all the attention now focused on the region.

The challenge of the nugget effect

While the potential for prolific gold production makes the conglomerate type discovery at Purdy’s Reward attractive, the discontinuous distribution of the watermelon seed size nuggets has posed a problem for Novo Resources. Conglomerate gold by nature can display very irregular and patchy distribution, which can result in huge discrepancies even between adjacent drill holes. This discontinuity is what geologists call the ‘nugget effect’. This reality coupled with the fact that samples from conventional drilling are typically small in size often leads to a high level of uncertainty when generating grade estimates for resource blocks.

“The nugget effect for Pilbara gold poses a bit of a challenge, making it difficult to define a mineral resource estimate,” notes Cunningham. “Therefore, it’s hard to encourage money from investors because you need to obviously prove that you’ve got something worthwhile to invest in.” In fact, news of Novo’s first few exploration results fell flat and the market responded with a savage sell-off.

And yet, Novo’s challenge isn’t a reason to call it quits, take your ball and go home. Other resource companies have faced the challenge of nugget effect and won. It’s about being able to think outside the box. In his talk at the RIU Explorers Conference 2018, Cunningham posed the questions: How do we tackle this challenge? Is bulk sampling the answer?

Cunningham uses Inventus Mining’s (TSXV:IVS) Pardo conglomerate-gold host project in Sudbury, Ontario as an example. He points out that after obtaining an average gold grade of 1.34 g/t over 11 diamond drill holes, the company decided to conduct a large 1,000 tonne bulk sampling program which returned an average grade of 4.2 g/t gold.

Recognizing that the best way to advance the their JV project “is to ultimately move it toward large-scale bulk sampling,” Novo and Artemis recently announced a AU$5.4 million exploration program that both companies have referred to as an “important step” toward completing a JORC-compliant resource estimate in order to convert the exploration license to a mining lease and in turn boost investor confidence.

“Novo is at a critical point here with this next bulk sampling program. We’re talking about a new region with a new geology and new way of understanding the right exploration methods to develop an accurate resource model in a district that has the potential to become the next Witwatersrand ,” Jeb Handwerger, long-time gold stock analyst and founder of Gold Stocks Trade, told INN. “We can expect to see some important developments at Novo over the next few months as the complete their bulk sampling.”

Follow the smart money

It’s important that investors understand that when it comes to junior gold exploration, discoveries tend to build high expectations in the market sending share prices up; on the flip side when reality sets in—such as a challenging deposit type—those expectations can cool and settle down a bit until development and production bring another big rise in valuation.

“I understand that the discontinuity and the challenges of the nugget effect are causing some hesitation on the part investors and some of this critique may have truth to it,” said Handwerger. “What has really attracted me to the Pilbara region is the involvement of Eric Sprott and Kirkland Lake, whose shareholders include heavies such as Van Eck, Fidelity and Oppenheimer. This is an early-stage discovery, but the involvement of a company like Kirkland Lake—which has been one of the top gold mining stories in recent years—speaks highly of its potential.”

Kirkland chairman Eric Sprott is also a major shareholder in Novo Resources. Following the release of Novo’s first bulk sampling results from the Comet Well area of the project in May 2018, Sprott purchased 47,900 shares of Novo stock at an average cost of C$4.72 per share, for a total transaction of C$226,088.00.

Other players in the region with Sprott’s confidence
Pacton Gold (TSXV:PAC; US:PACXF) controls the third largest land package in the Pilbara region following a round of acquisitions of several projects located between the properties of Novo Resources and De Grey Mining. Pacton’s expanding portfolio includes properties known to host gold nuggets as well as several existing mining leases which provide the potential for immediate large-scale bulk sampling programs. The company’s most recent purchase is the Bellary Dome project from Marindi Metals (ASX:MZN) from which nuggets similar to those discovered by Novo have been recovered. The significance of Pacton’s land holdings has attracted the investment of Eric Sprott who holds 10.1 percent of the outstanding common shares in the company.

De Grey Mining (ASX:DEG) recently received a $5 million investment from DGO Gold (ASX:DGO) to advance exploration and pre-feasibility work at its Pilbara gold property. The project is unique for the area in that it has an established resource of more than 1.2 million ounces of conventional gold, with upside coming from its most advanced conglomerate prospects on the property (Loudens Patch, Jarret Well and Steel Well) which it plans to bulk-sample as well. About 100 kilometers east of Purdy’s Reward, the Loudens Patch alone has yielded more than 200 gold nuggets. Kirkland Lake has invested A$5million in De Grey.

Kairos Minerals’ (ASX:KAI) Pilbara gold project hosts the conventional Mt York deposit and recently reported an updated JORC resource estimate of 643,000 ounces of gold for the project. Kairos also holds 1,158 square kilometres of tenure which is highly prospective for conglomerate-hosted gold. Kirkland has invested $5million in Kairos.

The takeaway

The Pilbara Gold Rush is still in its infancy and the deposit type is not as yet understood, so challenges are to be expected. The geology may not be an exact replica of the prolific gold fields of South Africa’s Witwatersrand, yet all the signs are there that Pilbara has the potential to become a significant gold district in its own right.

https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/pilbara-conglomerate-gold-rush-nugget/

Important update on Comet Well.

https://provenandprobable.com/junior-mining-novo-completes-exercise-of-right-to-purchase-half-of-comet-well-royalty/

Here is the latest Novo Press Release:

https://provenandprobable.com/junior-mining-ngarluma-aboriginal-corporation-signs-claim-wide-heritage-agreement/

Here is the latest press release by Novo Resources:

https://provenandprobable.com/novo-resources-sees-strong-continuity-of-upper-gold-bearing-unit-at-comet-well/

$NOVO Opinion piece by Robert Moriarty


Novo: 43-101 is a Noose Around Novo’s Neck


Bob Moriarty
Archives
Jun 11, 2018

I’ve been fairly quiet on the Novo front for months in anticipation of assay results that will better define the project.

Please read the WHOLE ARTICLE at the link . . . . . . .


Written by Robert Moriarty of 321Gold :

http://www.321gold.com/editorials/moriarty/moriarty061118.html




Until2020

$NOVO Presentation by Quinton Hennigh


Novo: New Bomb Shell Presentation


There was a very interesting video presentation done by Quinton Hennigh (which was recorded on May 30 and uploaded yesterday on June 21) posted in the CEO forum today by “jims”. Probably the juiciest presentation done to date in my opinion. (Big spoiler: The Beaton’s Creek system might be twice as rich as first thought!!).


Presented by THE HEDGELESS HORSEMAN :

http://www.thehedgelesshorseman.com/novo-resources/novo-bomb-shell-presentation/





Until2020

Interview with Bob Moriarty and midway Novo Resources is discussed: https://provenandprobable.com/bob-moriarty-north-korea-trade-wars-precious-metals-and-bitcoin/