NVA 2.44% 21.0¢ nova minerals limited

Ann: Positive Metallurgical Results Further Defines Flowsheet, page-26

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    As ore sorting is still very new I am unable to find a cost per ton to put through the machine? I would imagine it would not be much more than maintenance of the conveyor system, so low cost per ton.
    I know they cost just under a million bucks to buy, and I imagine we will need 10 or 20 of them with the tonnage we are wanting to process.
    The big ticket item is the 10x upgrade so .2 gpt suddenly becomes 2 gpt which is awesome if you have 5.6 million ounces of easily recoverable gold.
    I worked on $1000.00 an ounce profit
    250,000 ounces per year, estimate
    15x profit to give a company valuation and the answer was a new Ferrari. How good is that. Or 15 bags.
 
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