Virtual Presentation Fri 23 October 5.30am, page-58

Fair to say that amongst gold developer peers on the ASX it's the one with the most extraordinary opportunities for upside.

http://www.petewargent.com/2020/10/24/how-to-make-millions-with-the-star-principle/

Koch rarely spent time poring over financial statements when looking for business or investing ideas.

Instead, using his renowned 80/20 style of thinking, he simply wanted to know two things: is this a rapidly growing market, and if so, who will be the market leader?

A market leader needs a niche – a different product or service, a different way of doing business, or a means of attracting a new breed of customers profitably.

Koch used this simple technique to make millions in businesses such as Betfair, the restaurant chain Belgo’s, Plymouth Gin, The Great Little Trading Company, Filofax, and more.

His mission was clear and was executed with a laser-like focus: to shoot for the stars using the Star Principle, and to find the 5% of businesses with outstanding upside.

So what's NVA's niche amongst ASX peers.

• They are exploring in the Tintina Gold Belt, Elephant Country, host to numerous > 10 Moz deposits
• They have an asset in a prime mining jursidiction
• They are pursuing a mining method and economics likely to give them better than 50% gross margins
• They have significant opportunities for growth. Over a decade they could easily grow to a > 500 koz pa producer.
• In time they will become a takeover target due to their scale. That said they have intentions of becoming a major.

Of course becoming a market leader is a tough ask for a junior, but if you look at NVA's junior peers on the ASX,  NVA is the one with the largest upside.