NVA 5.56% 19.0¢ nova minerals limited

Ann: Robust Phase 2 Scoping Study for the Estelle Gold Project, page-10

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  1. rlj
    506 Posts.
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    Seems like they have cherry picked the good and ignored the bad

    Gold price used up from $1750 to $1800

    Discount rate used unchanged at 5%. This is supposed to be reflective of cost of capital. I can't see who is going to lend them $400m at 5% to get this up and running, so the discount rate needs to increase to a more reflective cost of capital.




 
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