NVA 10.6% 21.0¢ nova minerals limited

$0.30 party, page-6

  1. 99 Posts.
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    DYOR

    Of the holes drilled to date, only 5 of them are viable based on the grade. Grades are low even at current gold prices. You would want a greater hit rate than just 5 on the drilling results so far.

    For example on the recent results, only the highlighted one is economically viable.

    https://hotcopper.com.au/data/attachments/2606/2606024-26c75c9bec56e4f8bd70a6ead0b2e756.jpg
    Also note that Alaska while not the worst, is also not the best jurisdiction for mining. Refer below. Why would you not put your money towards WA, especially in these COVID times. Some mining areas shut down because of COVID, a lot safer in WA.

    https://hotcopper.com.au/data/attachments/2606/2606055-0f05cf1391011e3d8ecdca8e59a64a13.jpg

    https://hotcopper.com.au/data/attachments/2606/2606065-35c1d57ded23f050c7f7c949e4686a95.jpg

    GLTA, fingers crossed for you. Sometimes you are better off looking in your own backyard.

 
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