DYOR. Analysis is not intended as financial advice.So a reserve of 3 Moz to 4 Moz puts us in this ballpark for in-production from a "starter pit". I think 12 year mine life is reasonable for a "starter pit". That's the mine life the Gold Road Started with. They will have plenty of ounces elsewhere to expand mine life.
Estimates are at a conservative USD $1,800 per ounce gold, which is USD $100 less than the current gold price ( gold could easily be over $2,500 by the time they start producing ).
This estimate does not value the ounces outside of the starter pit and hence NVA's scope for significant growth.
Virtual Presentation Fri 23 October 5.30am, page-29
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