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  "documentTitle": "Nova Minerals Limited (NVA)",
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  "authorName": "Spruce Point Capital Management",
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      "text": "Everything converging on delivering this feasibility study for RPM by the end of 2025. All of our resources are going towards that.",
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      "text": "KORBEL MAIN: PATH TO PRODUCTION",
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      "text": "In 2021, Nova laid out a \"Path to Production\" for Korbel which indicated that 2024 was achievable for construction and production. Fast forward to today, nothing has been constructed and Nova is still promoting the opportunity with production 2028+. In 2024, Nova said it expected a feasibility study for RPM by the end of 2025 but that timeline has also slipped and now shows end of 2026.",
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      "text": "Here's the time line and the value opportunity. So currently, we're in that feasibility study stage focused on RPM... Everything converging on delivering this feasibility study for RPM by the end of 2025. All of our resources are going towards that.",
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      "text": "Here's the time line and the value opportunity. So currently, we're in that feasibility study stage focused on RPM, just finished our last round of drilling. Watch the news flow in the coming weeks as drill results start to come in and then get this resource update before the end of the year. Concurrently, we have the next level of metallurgical test work happening now. Everything converging on delivering this feasibility study for RPM by the end of 2025. All of our resources are going towards that. — Nova CEO, Sept 30, 2024",
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      "text": "Source: Nova website (April 2021), Nova Presentation (Dec 2025), Nova Conf Call.",
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      "text": "Management Has Not Executed According To Its Own Timetables",
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