NVA 8.70% 21.0¢ nova minerals limited

Ann: Company Presentation - Estelle Gold Trend, page-35

  1. 250 Posts.
    lightbulb Created with Sketch. 142
    It doesn't add up.
    See table below from Page 10.
    With a cut off grade of 0.3g/t there's 1.5Moz of contained gold.
    If you lower the cut off grade to 0.2g/t then all of the 1.5Moz within the 0.3g/t cut off grade would still be within the 0.2g/t cut off.
    This means there is no gold between the 0.2g/t and the 0.3g/t cut off. Which means its not a resource. Even an inferred resource.
    Is there a geologist out there who can explain this?

    https://hotcopper.com.au/data/attachments/4226/4226730-3fac0f1931e47d6a3b37f9d290fcd24d.jpg
 
watchlist Created with Sketch. Add NVA (ASX) to my watchlist
(20min delay)
Last
21.0¢
Change
-0.020(8.70%)
Mkt cap ! $44.72M
Open High Low Value Volume
22.5¢ 22.5¢ 20.5¢ $45.16K 207.5K

Buyers (Bids)

No. Vol. Price($)
5 42882 21.0¢
 

Sellers (Offers)

Price($) Vol. No.
22.0¢ 49188 1
View Market Depth
Last trade - 16.10pm 03/06/2024 (20 minute delay) ?
Last
21.5¢
  Change
-0.020 ( 6.52 %)
Open High Low Volume
22.0¢ 22.8¢ 21.0¢ 43575
Last updated 15.32pm 03/06/2024 ?
NVA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.