I don’t think NVA will hold 77%. I think it will be somewhere in...

I don’t think NVA will hold 77%. I think it will be somewhere in the 60% to 70% range. That’s because Progressive Planet’s 20% share of Thompson Bros is now coming in. On peer valuations I am tracking, valuations are slowly creeping up over the last few weeks. Lithium definitely showing signs of life there.

The spinoff would have been a disaster if they tried to kick it off in the midst of a market correction late last year. I’m happy they have waited.

Now more generalky, as reported by @speedyl, key planning for both Snow Lake and Estelle will be undoubtedly underway this week.

https://hotcopper.com.au/threads/an...4607519/page-56?post_id=37226141#.XE-5gaTZXDs

It’s a good opportunity for management from Australia to have face to face meetings with their people from Alaska and Canada as well as brokers involved in the IPO.

Also a good opportunity to meet people relevant to drilling & scoping the Thompson Bros project and planning next stage of Estelle exploration. Also an important event for making contacts with equipment suppliers and consultants. In most cases scoping/feasibility studies are done by consulting engineering firms. Good to make those connections. Its important also though that management do their own internal work to set design parameters for PEA and feasibility studies.

I think we’ll have updates on both projects in the next couple of weeks, given the planning opportunity this week.