NVA 3.23% 16.0¢ nova minerals limited

NVA fair valuation - 25c for 2.5 Moz, 40c for 4 Moz, 50c for 5 Moz and so on ..., page-122

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    So could he be referring to companies that are not on the asx? Like US and Canadian businesses? Is their average somehow lower as gold companies in general are valued higher in Australia? or would you expect similar numbers if you'd a cross peer comparison elsewhere?
 
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