NVA's sitting on a ghost claim really- miles from hitting any gold bars or Sb liquid them a powers with an expensiveprocess. For the Sb play, they still need to raise the dust and sure up the workings. We're looking at 18-24 months before they even break ground, if the stars align or USA defence dollars. Costerfield in Victoria Australia is the only major mine outside China, and there is a by-product and an expensive by-product at that.
The Au proposition? Same timeline, maybe two to three seasons out. Even if they bring in a partner to shoulder the load, that's still a year of paperwork before shovels hit dirt, and that ain't necessarily the motherlode for stake holders. The floatation would hammer existing claim holders - don't forget they'd still need to ante up for their piece of the pie, depending on how sharp the suits are at the bargaining table.
Best-case scenario? You might see a few nuggets per share in 12-18 months if they can secure the bankroll for the Sb operation, then hope they've got enough in the war chest to develop the Au prospect. Their own roadmap says first pour ain't happening until well into '27, even if everything breaks right.
Stick NVA in your calendar for 12mths as a buy
NVA Price at posting:
33.0¢ Sentiment: None Disclosure: Not Held
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