NVA 0.00% 14.5¢ nova minerals limited

I don't think it will change how they report the JORC. It will...

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  1. 11,249 Posts.
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    I don't think it will change how they report the JORC. It will become a factor once they declare a pit shell in a PEA.

    Read my post here on power for a comparison of low-grade and high-grade operations.

    https://hotcopper.com.au/posts/48418274/single

    75% of GOR's power capacity is applied to grinding.

    Taking comparisons of the mining and processing costs, Rio2's economics works out better even though the grade for Gruyere is much better.

    (I've excluded G&A part of the opex from the comparison below just so you can see how the raw mining and processing compares)

    Mining costs are similar but Rio2 wins on processing costs.

    ( I've used inputs from the feasibility studies for the two projects)




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    Last edited by wombat777: 19/12/20
 
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