NVA 12.0% 28.0¢ nova minerals limited

Estelle Gold Project Resource Value & Revenue Estimates, page-38

  1. 283 Posts.
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    Whistler was sold to Brazil Resources with the above-mentioned 2011 historical resource estimate (theres some additional copper and silver credits to take the Aueq up to 0.88g/t indicated/0.73g/t inferred which is significantly higher than what has been found at Estelle to date/the exploration target )for ~$1.6m worth of shares. That would barely cover the cost of the historical drillling.

    Why so cheap? It's a low grade porphyry deposit and is unlikely to be ever developed. Estelle is likely to be similar based on drilling to date so i'd much rather see NVA use their capital more wisely.
 
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