NVA 8.89% 24.5¢ nova minerals limited

Ann: Estelle Strategic Review Outcomes, page-40

  1. 3,635 Posts.
    lightbulb Created with Sketch. 467
    I think that's a tad optimistic. One rig for the antimony and they supposedly want to get it into early production, not going to happen IMO.
    I agree with Korbel, but RPM sounds like they worded it to say it needs quite a lot of infill drilling, we need to see what the 2023 update brings but that's the way i read it.

    The only reason I could see it coming in cheaper is if they were given a verbal confirmation that the"other" prospects will be fine in the inferred category, if they can get the RPM ounces to a higher confidence level. RPM will be the key to de-risking the project for funding.
 
watchlist Created with Sketch. Add NVA (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.