Hi dan,You pose a very good question, and you've mentioned ASX...

Hi dan,
You pose a very good question, and you've mentioned ASX miners, it would certainly be up there in the top 10 (IMO). When I did my DD on goldies a few years back, NVA caught my eye and I took a small parcel. The resource has now gotten much stronger and will continue to T1 Goldie IMO. I have continued to add to my holdings with now a unbalanced portfolio in NVA gold play. Sold most other gold spec's to concentrate on NVA.

However, you mention ASX, but not a 'gold play'.
If I may bring your attention to Hot Chili (HCH), perth miner (yes they have started albeit small) and explorer with mainly a copper resource in Chile. They also have hugh gold, silver, and moly plays. The gold is said to be streamed off soonish to RR's new (gold) bank. This will fund the company going forward to PFS, (PEA due in the next few weeks). The resource value so far depends on what you count, but $2B-$5Bn ?, the current market cap is around $106M. It is just a joke! So undervalued it's not funny. Largest copper resource outside of a major.
As you are very good at DD, I will let you run your own numbers. But HCH pips NVA on undervalued IMO. Happy to hold both. Had HCH for 12years now and possibly a T50 holder.

As for NVA, it will have it's day, the resource is growing, not going anywhere. Chris would be tearing his hair out too, waiting for assays etc.
The SP will run when the time is right.
DYOR, AIMO.