NVA 8.89% 24.5¢ nova minerals limited

For those dont understand how these types of deposits are mined...

  1. 1,070 Posts.
    lightbulb Created with Sketch. 1775
    For those dont understand how these types of deposits are mined look at this video of Victoria Gold's Eagle mine (and look at all the other cool construction videos too!!)
    https://www.vitgoldcorp.com/project...agle-gold-videos/videos/early-september-2019/

    Better still look at their investor presentation https://www.vitgoldcorp.com/site/assets/files/6373/2019-09-vit-cp.pdf

    Their 1st gold pour is 17 September 2019!!

    I dont think they would be building all this infrastructure if it wasn't economical!
    Simple open pit mining and leach processing is the key and that is what Estelle would likely use too, with a low strip ratio

    Below is some numbers from their presentation above:
    Even with grades of 0.67g/t for Eagle Gold and 0.29 g/t for Fort Knox their costs are still USD$539/oz and USD$837/oz respectively. Seems very economic and profitable to me

    NVAComp.JPG
 
watchlist Created with Sketch. Add NVA (ASX) to my watchlist
(20min delay)
Last
24.5¢
Change
0.020(8.89%)
Mkt cap ! $52.68M
Open High Low Value Volume
22.5¢ 24.5¢ 21.5¢ $31.00K 130.2K

Buyers (Bids)

No. Vol. Price($)
1 650 23.5¢
 

Sellers (Offers)

Price($) Vol. No.
24.5¢ 19999 1
View Market Depth
Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
NVA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.