NVA 12.0% 28.0¢ nova minerals limited

Ann: Korbel Main Exploration Update, page-37

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  1. 11,249 Posts.
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    NVA fair value for 3.3 Moz is currently at $0.34 ...

    Announcement today certainly should get us to 5 Moz to 7 Moz territory.

    IMO fair value ...

    For 5 Moz ... $0.51
    For 6 Moz ... $0.62
    For 7 Moz ... $0.72

    A deposit like this on 5 Moz to 7  Moz ballpark could crank out USD $307M to USD $430M revenue per annum assuming a 12 year mine life, 60% resource to reserve, 76% recovery at 85% ownership.

    Monster revenue potential ... and that should be with gross margins > 50%!

    Will be interesting to see what mine life they go with for a "starter pit", given the deposits elsewhere at Estelle.

    Screen Shot 2020-10-16 at 1.48.43 pm.png
    Last edited by wombat777: 16/10/20
 
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