The same goes for USGO, Nova’s neighbors and their Whistler project. Nevertheless, their share price is around 5.5 USD.
The question is, what are they doing right and Nova doing wrong? Of course, our management also recognized this and asked themselves the same question.
USGO has got a comprehensive regional land package totalling 53,700 acres (217 sq km). Mineral resources have been estimated at three gold-copper porphyry deposits (Whistler, Raintree West and Island Mountain) containing a total indicated resource of 3.0 million gold equivalent ounces and a total inferred resource of 6.5 million gold equivalent ounces
That sounds to me like a company that is absolutely comparable in terms of both its location and its indicated and inferred resources.
A key difference is the listing on various stock exchanges - ASX and Nasdaq.
Perhaps Nova's move to list on the Nasdaq to increase visibility and therefore the attention of US investors who can better assess the value of low-grade gold deposits could be a step in the right direction.
