Novo Resources Corp. (NSRPF)

[MrGoldenRooster]

The $.90 warrants have been accelerated.

See this PR :

http://www.stockhouse.com/news/press-releases/2014/07/17/novo-resources-exercises-election-to-accelerate-warrant-expiry-date

Once this overhang is cleared, this stock is going to go on an absolute tear.

Why?

Because of what was contained in this Press Release :
http://www.stockhouse.com/news/press-releases/2014/07/08/novo-resources-provides-update-of-activities-in-the-pilbara-western-Australia

The pertinent paragraph :
"-.a gold deportment study of conglomerates from Beatons Creek indicates most gold is coarse (>150 microns) and free of other minerals suggesting a significant amount of gold could potentially be recovered by conventional gravity techniques."



In plain English, this ore isn't going to take exotic processes to recover the gold. This means actually mining and revenues could start very quickly.

And this is shaping up to be the next "Witswatersrand", with all the implications contained therein.