I keep going back and reading over the latest drilling announcements again and again and wonder what i am missing here?
To me, this is crazy cheap, especially the NVAO's which are lagging even further behind the heads. Smart money and patience would be buying the oppies and converting them straight away and selling on market to buy more oppies, taking 3-4 pips and rinsing and repeating as many times as possible.
The assays came out for holes 1 & 2 eleven days ago. Holes 3 & 4 must be imminent, and now a second drill is turning. We have an inferred resource of 2.5Moz and the grade continued more than 200m below the inferred resource. When the next assays drop like the first ones did, the resource, IMO will be looking more like 5Moz+. The 2.5Moz inferred resource also only comes from block A and B. There are already 6 other identified targets within the area which will almost certainly add to the resource size, its just a matter of testing the ground and finding out whether it will feasible as mineable ground. Apparently Fort Knox next door can make profit out of ground down to .15g/t. The first two assays are approximately double that for 4-500 metres and i am anticipating the others to come back similar.
The BOD also have significant skin in the game, having already exercised their options. After the options expire, as they are all in the money quite comfortably, it is looking like NVA will have a war chest of drilling cash to see this through and ensure the targets are 'measured resources' for JORC.
Does NVA have the ground to become a billion dollar market cap company? It is possible IMO.
- Forums
- ASX - By Stock
- NVA - GOLD DISTRICT IN THE MAKING
I keep going back and reading over the latest drilling...
-
- There are more pages in this discussion • 105 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NVA (ASX) to my watchlist
|
|||||
Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $36.53M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 14653 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 830 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 14653 | 0.150 |
3 | 108634 | 0.145 |
4 | 252000 | 0.140 |
1 | 7000 | 0.135 |
6 | 125468 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 830 | 1 |
0.160 | 20000 | 1 |
0.165 | 100000 | 1 |
0.175 | 10000 | 1 |
0.180 | 27701 | 3 |
Last trade - 11.27am 27/08/2024 (20 minute delay) ? |
Featured News
NVA (ASX) Chart |
Day chart unavailable
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online