NVA 0.00% 14.5¢ nova minerals limited

Ann: Korbel Interim Gold Mineral Resource increases to 3.3Moz, page-184

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  1. 3,287 Posts.
    lightbulb Created with Sketch. 1070
    The good thing about Wombat's per comparison is that you don't have to refer to DEG-like outliers to have a reasonable idea about what fair value is.

    150 M MC is crazy cheap for a company with an inferred resource of 3.3 moz (and that resource will be much higher in 4-5 months from now)

    The only issue is the market not appreciating low grade bulk deposits. It has been that way for years (never why or SP never matched Wombat's fair value sheets) and will likely only change once big resource numbers come out or big instos shw interest.

    But who knows, maybe mister market will like in tomorrow after it had a chance to digest the fine print of today's announcement
 
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