Novo Resources Corp. (NSRPF)

[tootalljones]

for my friends here, I have been snooping around about this company for several months, just hearing chatter, and here are my thoughts. Personally, I am incapable of evaluating the first thing about geology or mining, so I have to listen to people who have expertise in that area.

To newcomers to this sector, or those who believe in gold deposits, my 2c:

1. I suspect over 99% of small companies that think they have something, end up not having an economic deposit, which means something a capitalist can put a mine on. There are hundreds of low grade "gold" mountains on earth, but they are not economic. In fact the 99 percent figure is accurate, actually it is conservative. gold deposits are rarer than hen's teeth. Like Alaska, it is s a hunk of earth but taken as is, the State of Alaska would not be something that you could convert into a money making gold resource. Some tiny fractions of it, perhaps, but they are few and far between.
So beware of gold fever.

2. I am somewhat dismayed at this post, since having a true deposit is a realization that comes over time, as a company drills the holes to confirm a thesis. So this guy, who seems like he follows the company, has raised a point that so far I cannot see any response to, but then again, I am not a geo guy, to put it mildly. http://www.stockhouse.com/companies/bullboard?symbol=v.nvo&postid=27043004

3. At this point, the company is switching gears based on what they have done to confirm or disprove a thesis, which is concerning. Why would you need to do this in the first place?

4. PVG, of which I am a proud owner, has a course deposit which is very rich, and I figured perhaps this company has another one, but that is unclear.

5. The experienced mining guys on the stockhouse PVG board have always said there is not enough evidence to put it mildly to justify the huge stock move in this company, but I figured, perhaps they are jealous so I let it go at that. Who knows but they at least pointed out the very speculative nature of this company's findings to date.

6. At some point, perhaps today, perhaps when it gets meaningfully lower, the company is a buy, but I would strenuously caution people here not to bet your entire wad on this company. I own two metals companies, as some may know, ivpaf and pvg, and both have tremendous sets of deposits, and the market still does not credit them at all, but still, they have the stuff there, no ifs ands or buts, and at some point, the market will be forced to recognise it.....I mention this only as this is where an investor can sink a sizeable sum, and not worry about getting financially crushed, and indeed, over time, being pretty much assured of a winning hand.......but this little explorer, and I like its capital structure enormously, btw, still has just some surface stuff, and the post above is concerning. You don't know what is there, based on work to date, or if it will ever be a deposit. So for those who haven't spent years in this sector, and do not know the true odds of a deposit, I am just trying to say, do not put a sizeable chunk into this one. I knokw Spott and Rule have given it the go code, but the above post I view as new information. my 2c.............not trying to be negative but I have spent some time trying to learn about this one..