NVA 3.23% 16.0¢ nova minerals limited

Ann: Scale of Korbel Grows at Block D Estelle Gold Project, page-51

  1. 582 Posts.
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    Thumb suck, I bet conservatively 2.5moz of the 3.3moz sits within that shallow higher-grade pit outline with very low strip.

    assuming a fairly reasonable $1000 USD profit per oz, that's $2,500,000,000, just with what we have TO DATE, life of mine profit.

    Even with a way-too-conservative assumption of $500 profit, USD, per oz, we are still looking at 1.25 billion $ to be generated.

    And the resource numbers in this shallow low strip zone are almost certainly going to double in the next year or so, just in the Block A/B/C/D area. Later on in the mine life if the POG is still high, they will dig the pit deeper and chase that lower grade stuff.


 
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