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23.5¢ nova minerals limited

isnt snowlake be a new company?Will nva keep exposure to...

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teddy_afro

1,470 Posts.

138

13/12/18

20:51

Post #: 36853055
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Originally posted by wombat777: ↑

This is the progress I would like to see by the end of 2019:
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.
If these two things are achieved then I think a share price of 15c+ is justified ( would be fair value against peers ).

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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isnt snowlake be a new company?
Will nva keep exposure to snowlake or sell it to fund gold project?
NVA Price at posting: 2.1¢ Sentiment: None Disclosure: Not Held
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Last 23.5¢		Change 0.005(2.17%)		Mkt cap ! $38.96M

Open	High	Low	Value	Volume
24.5¢	24.5¢	22.5¢	$48.67K	208.1K

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No.	Vol.	Price($)
4	11639	23.5¢

Sellers (Offers)

Price($)	Vol.	No.
24.0¢	11609	4

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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

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