This is the progress I would like to see by the end of 2019:
If these two things are achieved then I think a share price of 15c+ is justified ( would be fair value against peers ).
- Snow Lake IPO complete, resource of 11Mt+ (but with Sherritt Gordon and Grass River perhaps lift that to 13Mt+), further testwork and studies, Preliminary Economic Analysis to NI-43-101 standards, MoUs or Binding Offtakes.
- JORC Resource of 2.2Moz+ defined at Estelle. Initial metallurgical studies plus other studies for input to a future PFS.
Hopefully we'll see some news on the progress of exploration at Officer Hills in the December Quarterly released at the end of Janaury. NVA are dependent on Newmont sharing results. Some good results there would help lift investor interest.
If the gold price breaks out above USD $1,300 we may also see more interest from the Market. Hopefully in that time Lithium sentiment will also improve.
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