Sorry Wombat, I have 2 more questions regarding your 'Price Target' calculation if I may.
What formulas did you use to calculate both 'Upside EV/Oz (100%-basis)' and 'Projected Value at earn-in Stage'? I have figured out how you calculated everything else including the 'Price Target'. Hurrah!
Thanks again for your help.
NVA - valuation $0.148 for Estelle based on Maiden JORC Oxide Korbel and RPM Hole SE12-008, page-33
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