NVA 6.82% 20.5¢ nova minerals limited

Ann: CEO Letter to Shareholders, page-43

  1. 11,249 Posts.
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    Corvus Gold, PEA done by Forte Dynamics gives us some insights .

    http://www.corvusgold.com/projects/mother-lode/preliminary-economic-assessment/

    http://www.corvusgold.com/_resources/pdf/CorvusMLP-TechReport2020-Final201120.pdf

    Screen Shot 2021-01-18 at 8.21.17 pm.png

    Note cut-off grade for heap-leach material at 0.06 g/t.

    Even at a strip ratio of 3.7:1 ... this Corvus Gold Project has an AISC of USD $677.

    Korbel I expect to have a strip ratio at 1:1.


    Screen Shot 2021-01-18 at 8.28.27 pm.png

    The Corvus project PEA has a CAPEX of USD $406M, but I think that is because much of their ore is refractory. Make the CAPEX for the mill expensive.

    I'm not aware of there being any refractory mineralisation at Korbel.
 
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