Nova vs The Shorters - is this our Gamestop Moment?, page-5

Trying to have a forward-looking lens on the economics of Estelle, and using the sensitivity analysis in the SS as the basis, here are some figures to show the potential upside of the economics with an increase in gold price and/or an increase in grade. The calculations don't show the additional upside that additional Moz will bring to the NPV, it uses the same Moz used for SS (approx 2.57 Moz) and only adjusts grade and gold price. Yes, this is oversimplified and there are many other positive and negative factors not included here, but it is still useful for the sake of perspective.