Ann: Significant Mineralisation Increases at Depth at Korbel, page-27

Just to add couple more comments to my last post here

The reason why the ASX (and myself) did not like the original announcement was that it didn't specify that the claimed minerlisation increase was IGRS (basically, just referring to these quartz veins containing pyrite). This means that the average investor would have thought they actually saw gold or something. Or that just cause they found pyrite veins, it gaurentees gold (seems like many of you still think this...)

again, they have not found more gold, yet.

the concerning thing is, NVA knew they were going to fool some investors. In fact, the wording really makes it seem like they were intentionally trying to fool investors. Yes an announcement was necessary, but they should have clearly stated that they were refering to pyrie veins in the first try. You can see why this would be concerning, right? I'm not concerned that we arnt going to find more gold, what I'm concerned about is will they try to fool us again? will I be fooled one day?

Now, that said, you'll notice my sentiment has changed from hold to buy. I've just doubled my holding in NVA. I like our odds. And the price is dirt cheap atm.