Replies to post #231 on Novo Resources Corp. (NSRPF)

[Until2020, formerly Until2017]

$NSRPF YOU ARE CORRECT -- don't_put_it_all_here



I bought 500 shares 18 months ago at a
really really good price .


Since I had been wishing Ida bought more,
I am buying 500 more during this nice dip.


In POINT 6 in your post, you said this :

" . . . but I would strenuously caution people here
not to bet your entire wad on this company."

You could not be more right. .. For me,
1000 shares is a small affordable stake.


A coupla percent of my stash.


Thanks for confirming my sense that I am
doing a more or less right thing.


BTW, Bob Moriarty put me on to this about
18 months ago, I made a lucky decision to
buy.



Until2017

[tootalljones]

"...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?..."

I am a little too critical here. The sign of a good mind is to switch gears as quickly as possible, based on new findings, and of course, this company is very well cashed up, so they did that so very right, and kudos to management....

If I were them, I would call Robert Quartermain and his world class team at PVG and ask for some help, but what do I knkow.......

[JB3729]

ttj,

You didn't mention that Kirkland Lake Gold, who had their geos on site, bought 18% of the Company. How come? Certainly, their geos know more than the message board posters that you refer to.

The gist of the post that you brought to the board is this:

The thing that concerns me the most and the thing I have seen the least discussion about is Novo suddenly announcing the gold zone is limited to the base of the mafic conglomerate zone.

Of course, this is not true. From the last PR:

Novo personnel have noted metal detector strikes throughout this lower conglomerate sequence, however most occur near its base.

From a previous PR:

To further investigate the presence of fine-grained gold, Novo personnel collected, sieved and panned several grab samples from recently opened trenches.  As an example, three grab samples from the lower two conglomerate units exposed in trench 2 yielded significant fine-grained gold (please see Figures 4, 5 and 6 below).

I hope that most of the gold is at the base of the lower conglomerate because Quinton H stated that the bulk sample containing 2+ ounces of gold per ton was taken from the upper part of the lower conglomerate. Sounds like that fabulous bulk sample missed the sweet spot!

Also, this tweet, posted yesterday, refers to gold taken from the top of 15 meters of conglomerate at Comet Well: https://twitter.com/ozwitsgold

Lucky is very reputable. He staked ground at Comet Well which is now part of the Novo JV. He is Texas T on stockhouse. Texas T's stockhouse posts:
http://www.stockhouse.com/members/bullboard-post-history/texast

There is a lot of gold waiting to be uncovered. All investors have to do is be patient!