From the recent announcements, the work done by the previous management team was rubbish and they were a bit out of their depth. This current work is what should have been done 2-3 years ago in which case we could be starting production much sooner than is now the case.
This new work aims to define a much larger resource base to achieve a higher start up mining production rate which will be better in the long run. Once all these recent assays are received, we should get a new JORC for Section 5 with some possible follow up drilling to try and find higher grade DSO material.
NVI Price at posting:
$1.02 Sentiment: Hold Disclosure: Held
