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7.32%

22.0¢ nova minerals limited

Ann: Korbel Gold Project Starter Pit Scoping Study, page-414

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440 Posts.

79

07/03/22

20:08

Post #: 60042307
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Originally posted by GMoney79: ↑

I think what has been largely overlooked in this is the free cash flow Nova can generate over this evaluation period - and it’s only a small part of the tenement they are processing.

Current free cash flow is $716m USD, based on Korbel alone. If they have capacity to produce 200,000 ounces p.a. Let’s say with RPM as a mix through the plant they can average 160,000 ounces p.a. For the evaluation period.

Based on the AISC provided that would mean an additional 444,000 ounces processed. It means we would add at least $250m USD in free cash flow to the project.

we are now talking about free cash flow of nearly $1b USD over a 15 year period, and we’ve only mined 1/4 of the current ounces reported. With a market cap of approx $100m right now it’s looking incredibly cheap.

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The market obviously doesn't think that its cheap. Why is that do you think?

NVA Price at posting: 57.0¢ Sentiment: Buy Disclosure: Not Held
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Last 22.0¢		Change 0.015(7.32%)		Mkt cap ! $61.45M

Open	High	Low	Value	Volume
21.0¢	22.5¢	21.0¢	$68.15K	317.0K

Buyers (Bids)

No.	Vol.	Price($)
2	120927	21.5¢

Sellers (Offers)

Price($)	Vol.	No.
22.0¢	38950	4

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No.	Vol.	Price($)
2	120927	0.215
3	23431	0.205
4	144500	0.200
2	54107	0.195
1	5700	0.190

Price($)	Vol.	No.
0.220	38950	4
0.225	38665	4
0.230	109646	5
0.235	20384	1
0.245	30000	1

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