NVA 2.44% 21.0¢ nova minerals limited

Ann: Geophysics confirms extension of RPM high-grade gold deposit, page-42

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  1. rlj
    517 Posts.
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    Pivoting to RPM to define a proper resource that can be used for studies will require at least another $80 mil worth of drilling to get the resource into Measured & Indicated to be able to use in studies and will probably take 2 years

    At $3.50 per ounce discovery cost to date, $80m of drilling would uncover approx 22.8million ounces. I don't think they need to find that much gold for a starter pit.

    In fact I'd say you are out by a factor of 10.
 
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