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Nova Minerals Advances Estelle Gold District with Phase 2 Scoping Study and Drill Program — ASX:NVA| ASX Mining News & Discussion
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$NVA Nova Minerals Advances Estelle Gold District with Phase 2 Scoping Study and Drill Program
Nova Minerals Limited has released its Quarterly Activities and Cashflow Report for the period ending June 30, 2023, highlighting its continued progress in unlocking the potential of the Estelle Gold Project located in Alaska, USA.

The Phase 2 Scoping Study, which assessed a mining scenario targeting higher-grade surface deposits, confirmed the commercially robust potential of the project with pre-tax Net Present Value (NPV5%) of US$654 million, Internal Rate of Return (IRR) of 53% pre-tax, and an undiscounted net free cashflow of US$945 million pre-tax. The project is expected to have an 11-month payback period and an annual free cash flow after the payback period of around US$56 million pre-tax.

Nova Minerals also initiated a 15,000-meter drill program, aimed at growing the size and confidence of the large 9.9-million-ounce gold resource already established at Estelle. The RPM and Train areas are the focus of the program, which began at the end of June ...
Nova Minerals Advances Estelle Gold District with Phase 2 Scoping Study and Drill Program

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?