About 24 hours ago CG did a presentation Virtual Investor...

About 24 hours ago CG did a presentation Virtual Investor conferences held a Global Metals and Mining Investor conference. You can google and watch it for free if you register.

Others have summarised the presentation in this thread and so the thread is worth a read. Having seen the presentation I do not recall any talk of an early start in 2022. IMO The current mission is to prove up as much resource as possible and from memory the timeline laid out was as follows

2020
- Complete 40,000m drilling

2021
- Global resource Ann at Korbel indicating 5m - 7m (probably Feb)
- PEA Study
- 80,000m of drilling at Korbel, RPM and Stoney (I think)
They have funds in the bank for all of the above

2021/22
- CR to progress and complete Feasibility Study and perhaps more drilling
- work on Feasibility Study (Not sure when complete but assume 2023)

2023/24
- Decision to Mine
- Finance

2024 (IMO 2025)
- First Production

IMO CG appeared less certain on the timing of first production. Seemed to hesitate when discussing and I could not tell if he thought NVA would start earlier or later. Given he said elsewhere this was a fast start I would not be surprised if we see some delays beyond their control and first production is 2025.

Apologies if not quite accurate to the presentation. However, whilst in mining terms this is a fast start the point is first production is IMO 4-5 years away.

IMO its not too hard to imagine a bigger player making a bid for TO after the results of next year's drilling campaign are announced and the PEA is complete. Especially if NVA remains under value compared to it peers.

The next 15 months are going to be interesting and IMO positive for NVA.

GLTAH