This is a major breakthrough announcement for Nova putting its majority owned Snow Lake lithium asset on a fast track to production opportunity with Tanko Mining Corp. This opportunity changes the game now on potential valuation on the Snow Lake holding NVA will hold with a clear cash flow potential in the short term working jointly towards establishing the Tanco Mine as a central Spodumene processing hub. Currently we calue Snow Lake at around just over 2c but with lithium starting to gain traction this production opportunity could see Snow Lake valued much higher. With ongoing drilling with initial jorc at Estelle expected over coming months we now have a dual pronged news flow potential and Snow Lake to potentially add significant vale to NVA.
NVA Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
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