NVA 2.63% 18.5¢ nova minerals limited

Ann: Quarterly Activities Report and Appendix 5B - 30 June 2021, page-15

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  1. 582 Posts.
    lightbulb Created with Sketch. 918
    In 2021 we have seen spending on:
    -share buy back
    -'80%' of a scoping study
    -a resource model and estimation
    -building a prep lab

    I hope/expect our cash burn rate slows back down a bit. I would like to see them stretch out this 15m out to at least 3 quarters, maybe even more. Id like them to wait until share price gets back up to 20c+ before they raise, to help reduce dilution. For this, I believe we need a successful new estimate with some Indicated resource and a SS which shows at least some of that is going to be reasonably economic to mine (maybe even converted to reserves?)
 
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