NVA 3.23% 16.0¢ nova minerals limited

Maybe they should actually read what they are saying"One must...

  1. 752 Posts.
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    Maybe they should actually read what they are saying

    "One must understand the big picture and potential that Nova is developing a Gold Trend which is endowed with numerous deposits that will eventually be sources of ore to feed into the Korbel Central Processing Facility" - So we go from accelerate into production to now wanting to develop and define multiple resources at a Gold Trend? This implies nothing but cap raise after cap raise for meaningless drilling. Investors want the fastest & most optimized path to production so we can self fund future exploration & acquisitions with our OWN MONEY & NOT RAISE CAPITAL - HAVE A THINK ABOUT THAT

    "There is no continual capital expenditure or upsizing required of the plant" But then goes on to say that is just an "initial plant design of a 6Mt pa mill" implying that things could and will likely change which implies additional capex.

    Ofcourse there will be additional capex. The plant cost is just a small component of the overall capex. What about the cost for the infrastructure/roads to access RPM & other targets?


    " high-grade RPM mill feed proposed"???????

    RPM is not a sure deposit by the way. Through an optimized pitshell over teh current resource now and probably less then 30% of the initial resource will be within the pit design because of the geometry of what is current defined & how deep down mineralizaiton goes. The continual grades at RPM is not guaranteed. We have 1.5 good holes. Rest are arguably average. Need to define RPM first chris. You have drilled 6 holes into RPM...

    Once again, trying to fool the market into thinking a 15 LOM is a starter pit??

    We just want to see with the money raised what is the fasted path to production. We don't want to see a long drawn out drilling campaign targeting 1 million targets with endless cap raises.

 
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