If they increase their spend from the previous Qtr & it's the same burn rate at Q2 2022. They'll need to do a raise in Q4 or Q1 2024.
RPM turned out to be a dud so they may not need to commit to the previous program presented. But without RPM it'll be hard to garner any interest it what is a full blown bear market for small cap gold stocks.
I don't know why people keep implying NVA with 85% ownership at a $60MC valuation is cheap. When investors can buy Rio2 which is a large resource, higher grade project, heap leach simple project. Sure they had setbacks with their first EIA application and going through round 2 now, but were basically fully funded leading into production. I'd argue and say that NVA is in a jurisdiction and location that is much harder to get permitted.
However there are some that compare NVA to DEG and say NVA is cheap.
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Mkt cap ! $40.86M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 2631 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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19.0¢ | 219528 | 3 |
View Market Depth
No. | Vol. | Price($) |
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1 | 2631 | 0.190 |
3 | 14611 | 0.180 |
3 | 88571 | 0.175 |
4 | 129650 | 0.170 |
1 | 3333 | 0.165 |
Price($) | Vol. | No. |
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0.190 | 219528 | 3 |
0.200 | 45000 | 2 |
0.210 | 2116 | 3 |
0.220 | 6000 | 1 |
0.235 | 30000 | 1 |
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