The trading in NVA remains suspicious to me and as a result I am not worried about the long term. The daily trading pattern is identical with a drop of zero to one cent. "Something is rotten in Denmark."
Just think:
Snow Lake Lithium (LITM) has a market valuation of AUD67m.
Nova Minerals (NVA) has a market valuation of AUD59m.
Clearly that cannot stand long term. NVA owns 37% of LITM so that is worth AUD25m and say cash, etc. of AUD20m. That is a total of $45m.
That leaves a valuation for Estelle Gold deposit of AUD14m or $1.40 per in ground ounce. The cost of finding those ounces is about $4.00 per ounce.
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Last
17.5¢ |
Change
-0.005(2.78%) |
Mkt cap ! $42.62M |
Open | High | Low | Value | Volume |
18.0¢ | 18.0¢ | 17.0¢ | $29.65K | 167.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2500 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 21990 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2500 | 0.165 |
4 | 101163 | 0.155 |
7 | 165467 | 0.150 |
3 | 141378 | 0.145 |
5 | 555000 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 21990 | 1 |
0.190 | 26896 | 2 |
0.195 | 4995 | 1 |
0.200 | 43461 | 2 |
0.220 | 4500 | 1 |
Last trade - 15.56pm 18/09/2024 (20 minute delay) ? |
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NVA (ASX) Chart |