Australia's largest stock trading and investment forum Australia's #1 stock forum

NVA

0.00%

13.5¢ nova minerals limited

NVA Periodic FA Summary, page-38

First 38 Last

Share
Profile

Follow
Lilow

9,194 Posts.

2362

05/02/20

01:08

Post #: 42748069
Share

Originally posted by wombat777 ↑

Kaminak Gold's Coffee Project in the Yukon is an intrusive-related gold project that was bought out by Gold Corp for CAD $520M on 12 May 2016.

https://www.prnewswire.com/news-rel...on-of-kaminak-gold-corporation-579169231.html

At the time the project was at PEA stage. Had not been financed. Was not in construction.

Buyout value was CAD $118 per ounce. This was 7.3% of the prevailing gold price at the time.

In 2 years I expect we will be in a gold bull market. Let's assume gold price is USD $1800. If we use same value rule of thumb at 7.3% of prevailing gold price then that is USD $131 / oz.

For a 5 moz resource buyout value would be AUD $833M
For a 7.5 moz resource buyout value would be AUD $1.2B

Estelle is a big district with lots of potential that could push it well beyond 20 Moz, so there could be intense takeover interest from Tier 1 gold companies.

Would put a buyout value at $0.53 to $0.79.

View attachment 1971001

Is the above realistic? Maybe. Maybe not.

When St Barbara bought out Atlantic Gold it was at a 39% premium to the prevailing share price.

https://www.reuters.com/article/us-...nadas-atlantic-gold-for-536-mln-idUSKCN1SK2RU

30% to 40% is the usual window for a buyout premium. It will ultimately depend on what market cap we get to with a Feasibility Study.

Sabina Gold and Silver Corp in Canada are fully-permitted and have a new DFS underway. They are currently trading at CAD $82.56 ( AUD $92.78 ) on a 100%-basis. With feasibility study we would be at 85% earn-in, so need to adjust for this works out at AUD $78.86 per ounce (without a buyout premium).

From this I can work out potential market cap but I then need to add 30% for a buyout premium. Gives me a range of $0.33 to $0.49.

View attachment 1971064

Expand

Thanks mate for your expert analysis, really appreciated!

NVA Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

The market's shrugged at China's stimulus measures all year. Why is this one different?

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

4DX

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

NAM

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ZER

Zeta Resources seeks to resolve the Panoramic takeover story

The winners & losers on market if negative gearing were gone

There are more pages in this discussion • 2 more messages in this thread...

First 38 Last

Add NVA (ASX) to my watchlist

(20min delay)
Last 13.5¢		Change 0.000(0.00%)		Mkt cap ! $36.71M

Open	High	Low	Value	Volume
14.0¢	14.0¢	13.5¢	$111.9K	812.7K

Buyers (Bids)

No.	Vol.	Price($)
16	959533	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	21998	2

View Market Depth

No.	Vol.	Price($)
15	889533	0.130
10	337777	0.125
5	301000	0.120
4	96794	0.115
1	10000	0.110

Price($)	Vol.	No.
0.135	21998	2
0.140	114804	2
0.145	69400	3
0.150	50000	1
0.155	17500	1

Last trade - 16.10pm 27/09/2024 (20 minute delay)

NVA (ASX) Chart

NVA Periodic FA Summary, page-38

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

The market's shrugged at China's stimulus measures all year. Why is this one different?

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Zeta Resources seeks to resolve the Panoramic takeover story

The winners & losers on market if negative gearing were gone

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

NVA Periodic FA Summary, page-38

Top Stories

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

The market's shrugged at China's stimulus measures all year. Why is this one different?

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Zeta Resources seeks to resolve the Panoramic takeover story

The winners & losers on market if negative gearing were gone

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News