2021 NVA chart, page-233

Hi 6151
interestingly enough I posted morningstars last valuation a while back which said fair value was 15c

https://hotcopper.com.au/threads/how-much-is-75million-ounces-of-gold-worth.4960155/page-339?post_id=50403614

a couple of responses ensued regarding their reliability in valuing a company such as Nova. Many posts ago (I can’t find it) I remember Wombat777 responding to a criticism about his peer analysis to derive at a market value, which if I remember correctly, said that to establish a market value you must necessarily do peer comparisons. He continued to say that this aply’s to anything in any market (stands to reason). So I continue to think Wombats analysis is a more reliable guide, and that Nva remains considerably undervalued
if Wombats peer comparison derived valuations have any deficiency (dare I say that) it is that Novas peers are increasingly looking less like peers due to novas continuing growth of reserves and its superior potential for more growth. This is what I think the broader market is missing.

so to answer your question “will it get to 12c”, if it does it will only be due to market sentiment bearing little consideration to fundamentals.

I would be interested in anyone’s comments or observations about the reliability of management of NVA’s peers.

good luck to everyone