NVA 4.76% 20.0¢ nova minerals limited

General Chat, page-6555

  1. 5,734 Posts.
    lightbulb Created with Sketch. 1401
    https://hotcopper.com.au/data/attachments/5445/5445813-45013a38eca74d81ce43de027db4c3b2.jpg
    9.4Moz @ 0.7g/t AuEQ


    https://hotcopper.com.au/data/attachments/5445/5445815-0fc332676c1f3f3b6d614f781ff26fa6.jpg
    9.9Moz @ 0.3g/t (rounded up from 0.28g/t, by my calculations) (no byproducts listed)


    Similar Oz volume, but 0.7g/t (inc. byproducts) vs 0.28g/t (no byproducts listed).

    Although, USGO includes underground resources. Excluding those, so a proper open pit only comparison:

    8.1Moz @ 0.65g/t (AuEq)
    vs
    9.9Moz @ 0.28g/t (Au only. No byproducts listed)


    NVA is a little larger, but USGO has more than double the grade. I don't know if they've calculated a NPV for a clear comparison. I assume USGO would come in higher eg. no CAPEX necessary for sorters, but maybe higher CAPEX for byproducts.


    So I find it deceptive for NVA to give USGO a cross in the table for 'world class drill results'. At least list their average grade, to give a fair comparison.

    And it hardly hurts to cross-promote the competition in the immediate district. They're practically partners, with a shared airfield and I assume some shared expertise/knowledge.
    Last edited by danbradster: 22/07/23
 
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