Gold mining inc. actually acquired the project in 2015 for a steal at the absolute bottom of the commodity, gold and HUI cycles. Kudos to them.
Many mines and advanced exploration projects are acquired for a song in downturns for a number of reason.
Few examples closer to home from a quick scan.
TER - blair athol
GMM - 50% MT cattlin
RRP - Foxleigh mine
NST - a number of barricks producing gold mines and paulsens
NCZ - century mine
RIO - sale of Mozambique coal assets (acquired $4b. Sold for $50m)
Same can be said for NVA.. after millions of $$$ spent nova snapped it up for a song.
One thing is for certain that everyone agrees is management are proactive and building a fundamental base.
These projects are about who can take them to the next level is key and I think nova management can. See kinross history https://en.m.wikipedia.org/wiki/Kinross_Gold the fort knox deposit sat idle before kinross took it to the next level as a startup and their first mine with similar grades as Estelle - the rest is history.
Can the nova team take estelle gold project as did kinross fort knox? My money is backing that they can.
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20.0¢ |
Change
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Mkt cap ! $43.01M |
Open | High | Low | Value | Volume |
21.5¢ | 21.5¢ | 20.0¢ | $52.40K | 252.2K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 1500 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.5¢ | 1668 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 19778 | 0.190 |
2 | 82844 | 0.185 |
5 | 121335 | 0.180 |
5 | 54999 | 0.175 |
1 | 15000 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 1668 | 1 |
0.225 | 30564 | 1 |
0.230 | 67248 | 2 |
0.235 | 6547 | 1 |
0.240 | 23300 | 2 |
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