This Junior project has one of biggest land positions. It has acquired 19,800 square kilometers, that would have to make this project of potential ground of any junior in the world.
The Witwatersrand Basin in South Africa holds the largest known Gold Reserves and has produced over 1.5 billion ounces which represents about 50% of all the gold ever mined on earth. NOVO Resources Corp. (CSE: NVO; OTCQX: NSRPF) is a Junior Mining stock controlled by Australian mining typhoon Mark Creasy who when he used to work for Newmont Mining tried to negotiate for Newmont a giant portion of the 60,000 square km Hamersley Basin in Western Australia because it he felt it had the same potential as the Witwaterrand Basin. He failed to buy for Newmont but when he left, picked up a 7647 square miles of the Hamersley Basin for Novo Resources Corp.
After successfull drilling results Newmont has come in and purchased 37% of the company. The Australian Government is also hot on Novo having approved a $400,000 grant for drilling two deep holes into the project.
This is the type of stock that carries the potential to be an unusually huge success. Yet it is still a Junior Mining company as such and investor must take that risk underconsideration when makeing a buy.
Novo has benefited to the tune of a 100% gain in 7 weeks, though as Bob Moriarity says “I think the best is yet to come. – Money Talks
Take a look at this fascinating analysis by Bob Moriarty HERE
About Bob Moriarty
Bob Moriarty, founder and publisher of 321Gold.com. Becoming a war hero at the age of 20, Bob completed over 824 combat missions during the Vietnam War, as well as having earned many international aviation records. Bob began buying gold after seeing (first hand) the enormous monetary costs of war, and the explosive inflation that always follows