NVA 2.56% 19.0¢ nova minerals limited

Ann: Mineral Resource Estimate for US listing, page-19

  1. 5,715 Posts.
    lightbulb Created with Sketch. 1401
    https://hotcopper.com.au/data/attachments/6105/6105799-6aa9ad6976909a7b66f1e4b3a816e6c6.jpg

    So 7000m was because the number of holes halved, but also because the holes were shorter.

    RPM: 200-300m holes.
    Korbel: 300-400m holes.
    Cathedral: 400-500m holes.

    So naturally, focusing on RPM would mean less meters drilled. But still, it looks like pads/holes is maybe half of what it could be from RPM & Train areas, given funding. So maybe we can change from 7000m to 15,000m+.


    https://hotcopper.com.au/data/attachments/6105/6105816-2914ca769e1bc039f2f7ca15f0adc74a.jpg
    So drilling would be the primary use for the money. So if it was a lot of funds raised, then it would be a lot of drilling, which would accelerate the studies (by stopping the delays due to lack of M&I).

    So US investors would get to buy into an accelerated NVA.
 
watchlist Created with Sketch. Add NVA (ASX) to my watchlist
(20min delay)
Last
19.0¢
Change
-0.005(2.56%)
Mkt cap ! $39.4M
Open High Low Value Volume
19.0¢ 20.0¢ 18.5¢ $44.33K 232.6K

Buyers (Bids)

No. Vol. Price($)
2 10354 19.0¢
 

Sellers (Offers)

Price($) Vol. No.
19.5¢ 129 1
View Market Depth
Last trade - 14.04pm 06/06/2024 (20 minute delay) ?
Last
19.5¢
  Change
-0.005 ( 2.63 %)
Open High Low Volume
18.5¢ 19.5¢ 18.0¢ 34058
Last updated 13.14pm 06/06/2024 ?
NVA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.