The grigor report you mean?...won't share too much as it was given to me in confidence but I'll give the details of ATV (again it doesn't appear Grigor updated it for Monday's announcements):
Shareprice info based on: 8.3c Mkt cap: $29M Mkt cap per oz: $35US ($535 when incl operating costs) Mine payback: 2.1yr JORC resource: 0.7 mill oz Prod estimate: 54G oz pa Project NPV (10% disc rate, 30% tax): $45M Disc to NPV per share: 41%
The important thing to realise about the above is:
1. The resource has increased to around 900G oz 2. The 900G oz resource does not incl the Tourquoy West resource, which is around another 100G oz 3. The production rate is likely to be range between 80G to 100G oz per annum over a ten year period
Mind you, one of the big reasons to invest in ATV is the exploration potential in Nova Scotia...take a look at the maps in their announcements that show their other tenements in this area and all the surrounding gold deposits...clearly heaps of potential.
And they have also shown they are able to get good deals on existing projects with resources, eg Cochrane.
Cdchi1
ATV Price at posting:
7.0¢ Sentiment: LT Buy Disclosure: Held
