Ann: Half Year Accounts, page-26

Hi Serena. If that is the case I will continue to average down. Ultimately from all the data that I have seen, I am reasonably confident that we have something valuable at Estelle. It's a matter of time before the diamond drill hits the ground. That is a few months away but im not in a rush. From memory there is a historical drill of around 400m at 0.3g/t or 0.4g/t from surface. All they have to do now is to prove the continuity to that mineralisation and we will be in the radar of the majors. Especially in the current environment where the majors are hyper-actively trying to consolidate.

I hope that the mgmt will not spend any more dollars on buybacks. Save it for the exploration activities. It's ok if the SP take a hit in the short run, im very clear on what NVA can deliver in the mid to long run.