RCKS Talk

13-May-2018

RCKS Charts

Catalysts are Key

In this edition of RCKS Charts, Keith has evaluated Toachi Mining Inc. (TSXV:TIM), Avidian Gold Corp. (TSXV:AVG), Aurania Resources Ltd. (TSXV:ARU), Novo Resources Corp. (TSXV:NVO), Golden Arrow Resources Corp. (TSXV:GRG) and NxGold Ltd. (TSXV:NXN).

11-May-2018

Pilbara Update

Kirkland Lake Increases Investment in the Pilbara

Impact: Positive

Kirkland Lake Gold (TSX:KL) announces its third investment in Novo Resources Corp. (TSXV:NVO) by acquiring 4 million shares from Artemis Resources (ASX: ARV) at C$5.00/sh to bring the company’s total investment to 29.83 million common shares of Novo at an average price of C$3.18/sh.

  • Kirkland Lake announces third investment in Novo Resources
  • Kirkland Lake continues to back a Pilbara discovery
  • Novo Resources and De Grey Mining remain our preferred companies for making a Pilbara discovery 
Kirkland’s continued investment in the Pilbara district indicates its ongoing confidence and commitment to a potential world-class discovery. We expect the next catalyst for Novo in addition to other Pilbara players to be Novo’s large bulk sample results expected at the end of May.

25-Apr-2018

Novo Resources Corp.

Preliminary Results from Larger Bulk Sample Look Good; Grade Expected by End of May

Impact: Positive

Novo Resources announced preliminary results from its larger bulk sample program at Comet Well, and while the market appears to have expected grade, a rough estimation of grade and location of the sample are very encouraging in our view.

  • Based on the limited data provided sample is likely to grade ~15-40 g/t, excluding the fine gold component
  • Good results, off the basal contact important resource development and mining
  • Final grade results expected end of May; results likely to be steady after that
Despite bulk sample grades and widths being towards the top end of our expected range it is only one sample, so we continue to believe that Novo is worth between C$4.70-17.90/sh, suggesting upside from the current share price.

05-Apr-2018

Industry Report

Pilbara Playbook

We recently visited 5 conglomerate gold projects and a conglomerate gold conference over a two-week period in Australia. Based on our site visits and the recent conference, these are the three key names that we like based on the work to date and the next steps planned by each company:

  • The Technical & Financial Leader – Novo Resources (TSXV:NVO)
  • One Step Behind with Hardrock Assets to Underpin – De Grey Mining (ASX:DEG)
  • An Impressive Newcomer – NxGold (TSXV:NXN) 

01-Jan-2018

Novo Resources Corp. (TSXV:NVO)

RCKS Talk Blog Archive

We updated the look & feel of our RCKS Talk Research Blog in March 2018.

To access the historical archives of our original blog format, please click on the link(s) below to be re-directed. Please note that we no longer update those archive blog pages.

Click here to access the RCKS Talk Blog Archive for Novo Resources Corp. (TSXV:NVO)


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