NVA 0.00% 15.5¢ nova minerals limited

Hi Craig, Thanks for responding to shareholder questions. Are...

  1. 84 Posts.
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    Hi Craig,

    Thanks for responding to shareholder questions. Are you saying the Access road doesn't have a large effect on the project other than construction speed? Reason I ask is that Nova has expressed the Access road's construction will "scientifically decrease the capital and opertating cost of a future mine at Estelle" by lowering the cut-off level to Fort Knox and Dublin rates. In SS2 Nova has used cut-off grades of 0.25g/t and 0.15g/t for RPM and Korbel respectively. I would have thought this is at this level now? (Both Fort Knox and Dublin Gulch use a cut-off grade of 0.1 and 0.15g/t respectively). Therefore SS2 is assuming road will be completed. Just trying to wrap my head around the implications of no access road. Would the cut-off grades increase if the road was not approved? See below:

    https://hotcopper.com.au/data/attachments/5293/5293702-dcf26d67c992f8001ae0635395f9fbe1.jpg

    https://hotcopper.com.au/data/attachments/5293/5293720-b3b071f45da3499d043313e90710bfce.jpg


 
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