NVA 3.85% 13.5¢ nova minerals limited

Ann: Global Resource at Korbel Main Grows to 4.7Moz Gold, page-119

  1. 921 Posts.
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    Block out the noise. Different parties have different objectives/reasons for holding, and all are valid.

    Short termers looking for a runner today may be disappointed it didn't eventuate, however there are plenty of runners around so lots of other opportunities out there.

    Longer termers looking to buy/add undervalued should be pretty happy though. Per @wombat777's table above, a peer comparison model comparing the defined resource pegs current price at a 46% discount (with plenty more holes still to be added, plus stakes in TNR and Snowlake too). Have to be pretty happy with that buying opportunity in a market where so many stocks are currently overpriced
    Last edited by ozemania: 07/04/21
 
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