Novo Resources is a company that I have a lot of respect for. They are in two of the three best jurisdictions for exploration and mining (Nevada, Australia and Canada). While I'm only somewhat familiar with their Australian projects, I know of their Nevada project at Tuscarora (not that far from Walker Ridge). Another plus is that they are headed up by geologists. Greg Gibson of Jerritt Canyon Gold is also on the BofD.
If Novo decided to get more involved in Nevada, I'd probably invest in them. In a perfect world they would pick up Walker Ridge, find the next Gold Strike and become the next Barrick.
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