NVA 2.78% 17.5¢ nova minerals limited

It is unusual for a company to conduct (pay for) a scoping study...

  1. 582 Posts.
    lightbulb Created with Sketch. 918
    It is unusual for a company to conduct (pay for) a scoping study with only inferred resource. I am not aware of any other examples off the top of my head. The reason for this is because the primary objective of a scoping study is to convert resource to reserve (a reserve is just a resource that has been reasonably hypothesized to be economically minable for a profit). JORC guidelines only allow measured and indicated resource to be converted to reserves.

    Now, I dont really know for sure, but it is likely they will attempt to define a 'starter pit' somehow and will use the scoping study to provide an estimated average AISC for the 'starter pit'. If they can find a good honest way to do this and communicate it, I do think this will be a worthwhile endeavor and should help some people/institutions understand they type of operation being proposed.




 
watchlist Created with Sketch. Add NVA (ASX) to my watchlist
(20min delay)
Last
17.5¢
Change
-0.005(2.78%)
Mkt cap ! $42.62M
Open High Low Value Volume
18.0¢ 18.0¢ 17.0¢ $29.65K 167.8K

Buyers (Bids)

No. Vol. Price($)
1 2500 16.5¢
 

Sellers (Offers)

Price($) Vol. No.
18.0¢ 21990 1
View Market Depth
Last trade - 15.56pm 18/09/2024 (20 minute delay) ?
NVA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.