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21.0¢ nova minerals limited

Ann: Geophysics confirms extension of RPM high-grade gold deposit, page-64

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Jdmoney

2,084 Posts.

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19/01/22

22:01

Post #: 58990276
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Originally posted by Jopie: ↑

Good observations, I just had a chat with Louie and he mentioned that the $3.50 /oz cost INCLUDES all capital costs for the camp and equipment that they expended already. So the real cost going forward will actually be lower than $3,50 (assuming they keep their discovery rate as epr before).

Before the set up of the prep facility, we we were drilling at 230$/meter all in, so even a 20,000 meter drilling program for RPM would cost $4.5 M in the old set up (and many % percentage points less in the new set up with prep facility). Maybe $3.5 M. Crazy cheap.

They can ramp and scale down exploration if and when needed and still develop the projects as a lot of Korbel is engineering work now that they say they will absolutely watch costs on.

2022 is Game On! for NVA

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Hey mate, how did they come to 3.50/ounce? What was the calc behind it?

NVA Price at posting: $1.10 Sentiment: None Disclosure: Held
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