General Chat, page-3707

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sulmar

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26/12/21

13:29

Post #: 58521069
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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.

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With the impressive advances and upgrades in resource (as you stated), can you please enlighten us why the sp is down ~30% in the past 12 months?

Maybe you know something the market doesn't?

NVA Price at posting: $1.14 Sentiment: None Disclosure: Not Held
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General Chat, page-3707

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General Chat, page-3707

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