NVI 0.00% 1.1¢ nevada iron ltd

They are doing further exploration drilling now in order to...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 6,575 Posts.
    lightbulb Created with Sketch. 123
    They are doing further exploration drilling now in order to increase their initial mining rate to make it easier to get funding. We can all thank previous management for two years of wasted time. Looks like they were wrong with their plan to do minimal drilling and get to production as quick as possible and then do further exploration at a later date. Im not sure if more exploration is happening after a resource upgrade is calculated based on the current drill program but once drilling is completed, they will have to revisit the feasibility study then look to gain finance before commencing construction. Still a way to go before production starts
 
watchlist Created with Sketch. Add NVI (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.