General Chat, page-3704

First 3704 Last

Share
Profile

Follow
Bruisedcustard

104 Posts.

297

26/12/21

11:29

Post #: 58520337
Share

Originally posted by MBG: ↑

Fair comments Bruised Custard. I have been frustrated by the market to yet fully appreciate what NVA is offering and the very impressive advances they have made, as well as the verrrry significant potential this company has. I bought in just under 18 months ago, at that point they had just a 2.5 million oz resource. In less than 18 months they have nearly quadrupled this, of which 3 million oz is now in indicated. Their discovery costs per oz are exceptionally low. There is still a further 8,000 metres of drill results from Korbel to come back from the labs (my estimate is that this is roughly another 25 holes). And they have not yet found the limits of Korbel! As the drill rigs run around the clock this very substantial 8.1 million oz deposit at Korbel has the potential to be expanded significantly in the coming year.

Snow Lake has now been listed on the Nasdaq and they are cashed up for a drilling program. Snow Lake has the potential to comfortably provide very significant cash for either further drilling or substantial funding for the starter pit.

At RPM, with barely a handful of holes they achieved a maiden resource of 1.5 million oz, this included a hole with one of the best grades on the planet! (3.5 grams per ton over 400 metres - starting at surface). Not surprisingly, they are keen to get back there and get cracking on drilling RPM South and North - it appears the potential for RPM alone is huge.

Rock chip sampling from other prospective deposits look tantalising, these will be drilled in due course.

The scoping study which will come out in the not-too-distant future will quantify the viability and scale of what we are looking at. We know that IRGS deposits in the region are highly profitable to mine.

You do not have to spend a lot of time looking at other explorers/developers to realise how massively undervalued Nova is currently. The fundamentals of this company are outstanding. I have been around long enough to know that now is the time to be buying. It is a matter of time before this will re-rate very significantly.

Expand

hi MBG
you are absolutely right, can you tell me of a better bargain in the Australian gold stocks, with even half of their potential? Can you explain to me why are the NVA threads plagued with moaners and tyre kickers?

on another matter

I had a look at that car you told me about, I can’t see what you were so excited about, the tyres squeal real bad over 140mph, passenger seat is covered with blonde hair and smells of Chanel no5, plus I didn’t like the colour. But im still interested in picking one up cheap if you see another one

NVA Price at posting: $1.14 Sentiment: Buy Disclosure: Held
13 Upvote

0 Great analysis

Reply

Top Stories

CHN

Chalice jumps on Putin nickel export ban threat – but then there's bad news

GTR

GTI extends uranium mineralisation at Lo Hema through development drilling

CU6

Clarity progresses SECuRE trial with positive safety results

DXB

Dimerix begins recruiting young kidney disease patients in Mexico for Phase 3

3 stocks with antimony news on Thursday