Ann: RPM Gold Deposit Operational Update, page-44

yes, assuming that the sensitive analysis is correct, I calculated before that just adding RPM to Korbel indicated portion could triple the g/t.

Now, they will expand the indicated portion in Korbel to maybe 5 Moz or so (possibly at same grade). But they also may have closer to 2 Moz at 2 g/t. Let’s assume for arguments sake:

Korbel 5 Moz @0.4 g/t
RPM 2Moz @2 g/t

Average g/t 0.85

Every 10% grade up is 400 M added to NPV.

Appr. 100% added to grade = 4 Bln added to NPV.

I know this looks incredible and too good to be true. Can someone shoot any holes in my calculations?

Of course I am assuming constant prices which is wrong and will affect numbers. NVA states they will only need to add 20M in Capex for RPM transportation, which I take at face value.