Ann: Drill Permits Received for the Estelle Gold Camp, page-16

Your posting style comes across as constantly negative. You've decided to "invest" here where otherwise you might trade. If you're bullish on the potential why not be more positive?

I recall you were critical of the MPS research report and this was actually one of the only tools NVA could use to educate new investors on the potential economics.

https://gallery.mailchimp.com/22b7a.../Nova_Minerals_Research_Update_2_Jan_2020.pdf



The ASX won't allow NVA to compare the project to other projects until NVA have Measured & Indicated resources. The ASX has tightened up the rules on peer comparisons. To make it worse the people at the ASX don't understand the grades either (it's the first question every uninformed potential investor seems to ask).

NVA's #1 challenge is educating potential investors. It's difficult for them to do this through announcements since the technical details go beyond the average investor. This is why all the video interviews they are doing and the face to face presentations are so important. One on one or informally face to face they are more easily able to explain the potential economics.

People only have to go and look at other heap leach projects to get a true understanding of potential.

For anyone new here - here's a good list of heap leach peers to start with:

• Victoria Gold ( https://www.vitgoldcorp.com/ )
• Kinross Fort Knox and their recently-acquired project in Russia
  • Fort Knox - switching to 100% heap-leach
    • https://s2.q4cdn.com/496390694/file.../071118-Fort-Knox-Mine-Tour-FINAL-WEBSITE.pdf
  • Russia
    • https://www.kinross.com/news-and-in...ment-project-with-a-large-estimated-resource/
    • https://www.kinross.com/files/doc_p...nross-Chulbatkan-acquisition-presentation.pdf
• Equinox Gold ( merging with Leagold )
  • https://www.equinoxgold.com/projects/mesquite/
  • https://www.equinoxgold.com/projects/castle-mountain/
  • https://www.leagold.com/_resources/presentations/presentation_121619.pdf

Also look at:

Estelle Technical Presentation ( read after watching the next video )

• https://www.asx.com.au/asxpdf/20200115/pdf/44d8xp5whvrxnz.pdf