A DCF gives a fairly conservative number.
I always highlight the post-tax NPV figures and use these for the per-share value. You will see that analysts often use the pre-tax NPV.
There is a danger with estimates that you make all the assumptions together too conservative so is a bit of a fine balance. For example I've used USD $1,600 gold instead of a current gold price ~ USD $1,790. I've also factored 5% mining dilution, however ore sorting should help to minimise mining dilution (the bulk ore sorting creates a reject stream at just 0.06 g/t gold).
I was previously using Victoria Gold as the basis for Capital Intensity figures, however Nova have moved away from Heap Leach. Victoria Gold uses large amounts of materials handling equipment due to the heap leach pads. I think Probe Metals provides a better ballpark figure for capital intesnity.
I don't think 3B shares on issue at production. If Snow Lake moves to USD $500M market cap and Nova owns 63% of that then that's USD $315M for their share. Nova could partly reduce their ownership in Snow Lake and come up with substantial funds to contribute to an equity component alongside debt-funding for the development of Estelle.
- Forums
- ASX - By Stock
- NVA
- Ann: Infill Drilling at Korbel Continues to Deliver
Ann: Infill Drilling at Korbel Continues to Deliver, page-84
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NVA (ASX) to my watchlist
|
|||||
Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $37.75M |
Open | High | Low | Value | Volume |
16.0¢ | 16.0¢ | 15.5¢ | $40.87K | 259.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9512 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 24100 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9512 | 0.155 |
4 | 93646 | 0.150 |
1 | 8000 | 0.145 |
4 | 107078 | 0.140 |
3 | 182000 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 24100 | 1 |
0.165 | 100000 | 1 |
0.170 | 10000 | 1 |
0.175 | 10000 | 1 |
0.180 | 26701 | 2 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
NVA (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online