Nova vs The Shorters - is this our Gamestop Moment?, page-25

Yes. This is the potential which we will move closer to as things progress: i:e; more indicated ounces, completion of environmental studies, mining permits, pfs... and how much more do we need to spend before we get there?

Don't get me wrong. I agree with you, i'm thinking it's 12-18 months and $20 to $30m at which point our market cap should be at 1/3 to 1/2 of that indicated NPV.

The only time our market cap will equal the NPV is when the mine is funded, built and operating. Till then there will always be a risk factor priced in.