Not sure if this is just me, but there seems to be more...

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princey37

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26/03/24

16:05

Post #: 73066963
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Originally posted by danbradster: ↑

Funny screenshot.

Potential for a starter mine at Stibium? Without a single hole drilled? Though could make sense to push this agenda if pushing for grants. Unless there was truly some high confidence things there, like a huge visible vein. But can Antimony realistically be a quicker path? ("earlier cashflows") Would antimony not need PFS at least, meaning measured/indicated? Maybe debt funding needs >PFS, but possibly government grants can go with less.

Though a 'grant' could be considered 'earlier cashflows'. Getting some money in advance of construction, not after production ramp-up like gold.

PFS - demands measured/indicated. North Uphill might be easy pickings for that - being open and consistent intersections, but only having enough density for inferred & indicated yet. Valley even more so (needing upgrading), likely being inferred.

Surprise for me - mention of Stoney but not Shoeshine. I thought Shoeshine would have priority, with greater leverage on an RPM area PFS.

Stibium takes a front seat (first in the targets list). Highest potential target? I'm not so sure. But most valuable in the short term? Maybe, if it can lead to grants.

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Not sure if this is just me, but there seems to be more questions raised from this review than answered. Looks like we are taking the scatter gun approach now.
I guess when the PFS is finalised later this year we will have more certainty as to what path to production we will take.

NVA Price at posting: 25.0¢ Sentiment: Hold Disclosure: Held
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