So due to great news the SP drops again. Bl... typical. What...

First 7 Last

Share
Profile

Follow
Guemar

1,068 Posts.

421

27/03/19

16:18

Post #: 37903290
Share
Originally posted by wombat777: ↑

Some very interesting things in this announcement that are quite important:
Internal scoping confirmsopportunity for fast-track development
They are taking a second look at drill core from 2017 to ensure that is assessed to consistent standard as the 2018 core ( now I recall from previous company general meetings I attended that NVA were not happy with the performance of the contractor they used for the 2017 exploration, hence the appointment of Dale Schultz to directly manage exploration )
Announcement suggests there is lithium enrichment beside ( or either side ) the main resource. Makes me wonder if they can increase the size of the resource quite easily with additional step-out drilling.
http://www.canminx.ca/index.html is the same consultancy that Dale Schultz has previously worked for. Now it is very, very interesting that Carey Galeschuk also works for them ( and has specific experience – 12 years – with Li-Cs-Ta exploration from working at the Tanco mine ). They are also using Frank Hardy from Canmine as their Independent Qualified Person for resource estimation. So in general they have engaged some great experience. The very people you would want for fast-tracking it.
Consultant recommends testing for Tantalum and Cesium ( this could substantially improve economics … much like both PLS and A40 are doing with Tantalum credits )
The Tanco Mine is the original Lithium / Caeseum mine in Canada ... and it has processing facilities
A Chinese firm ( Sinomine Rare Metals of Beijing ) recently purchased the mine, however it is an old mine and I believe much of the reserves have been depleted …. could mean interest in the material that Snow Lake Resources has at Thompson Bros ( and fomrer Cabot staff above have been looking at it ):
Article on Sinomine Rare Metals buying out the mine ... https://www.rubbernews.com/article/...o-sell-specialty-unit-to-sinomine-rare-metals
"The good stuff has all been mined out" ... https://winnipegsun.com/2013/03/13/...taff/wcm/71be24d1-37a9-4192-8bb2-c892d6634e9e
https://miningdataonline.com/property/977/Tanco-(Bernic-Lake)-Mine.aspx

https://en.wikipedia.org/wiki/Tanco_Mine

Expand

So due to great news the SP drops again. Bl... typical. What does it take these days to get a positive reaction?
NVA Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Chaos reigns markets – so let's take stock of where we're at ahead of December

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 13 more messages in this thread...

First 7 Last

Add NVA (ASX) to my watchlist

(20min delay)
Last 23.0¢		Change -0.020(8.00%)		Mkt cap ! $38.96M

Open	High	Low	Value	Volume
23.5¢	24.0¢	23.0¢	$35.03K	149.0K

Buyers (Bids)

No.	Vol.	Price($)
4	102607	23.0¢

Sellers (Offers)

Price($)	Vol.	No.
24.0¢	6072	2

View Market Depth

No.	Vol.	Price($)
3	91898	0.155
5	95167	0.150
3	103384	0.145
3	320000	0.140
3	49358	0.135

Price($)	Vol.	No.
0.165	66000	1
0.170	20036	1
0.175	10000	1
0.180	38701	5
0.185	5555	2

Last trade - 16.10pm 28/11/2024 (20 minute delay)

NVA (ASX) Chart

So due to great news the SP drops again. Bl... typical. What...

Top Stories

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Chaos reigns markets – so let's take stock of where we're at ahead of December

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Buyers (Bids)

Sellers (Offers)