NVA 6.82% 20.5¢ nova minerals limited

Ann: Korbel Gold Project Starter Pit Scoping Study, page-249

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    I put it out there for discussion, so appreciate your feedback. Fair point that about assuming all unconstrained can be mined. Perhaps Im just surprised it drops to only 25% of the unconstrained, but I guess thats a reason. Maybe Im optimistic about the volume of gold still in the ground that can be accessed on scale.

    I think my point is still that the economics will continue to improve with scale. A large part of that CAPEX is 100% in unlocking the area and so capex wont scale like the production volumes will.

    But in that case, it still will take a lot of work and further drilling of RPM etc to get to the PFS with probably a better looking economics.
 
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