NVA 3.13% 15.5¢ nova minerals limited

Ann: Outstanding New High-Grade Lithium Results and Market Update, page-46

  1. 2,144 Posts.
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    Avi is working to a great plan here, he is not trying to just increase the resources to a very large figure which he can easily do ( our tenements went from 1789 ha to 5229 ha recently, only 2 % of the tenements explored and that too not to greater depths , so many new pegamatite zones awaiting discovery , even existing ones like Sherritt Gordon Zone not assessed so far )
    His strategy is right, he wants to get us into production very fast ,as the cos which get to production first can enter into long term contracts (and squeeze the newer developing ones in the same geography out of business and even take over their distressed assets over time ) , and he is simultaneously develop the resources over next two years. The guy is looking into the extent of putting a 35- 40 km slurry pipe line to the rail head /road , we are mighty sure he is going to get us to production in next two years.
    I am not upramping here, but if things go to plan, we can see the MC above 1 Billion Dollars in the next five years when Estelle and Chip Loy etc come into play.
    Wombat777 has explained about the mgmt quality and depth here a few times.
    The only thing which can derail is if the Li story does not take off, slim chance for that with projections of USD 58 billions investment being required in the Li sector over next ten years and all the major auto cos have committed very large resources to the EV story, there is no way the EV story can derail now.
 
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