1. NVA's was not pit constrained with economics behind it 2. Rookie mistake to assume all unconstrained resource can be mined 3. The reason for the much lower gold recovery when compared to the global resource is that most of the resource cannot be economically mined at $1750 4. Resource that cannot be mined especially at $1750 is worthless 5. What grades & size plant are you assuming to achieve 400Koz P.a? The production profile is shocking and we will need a 12Mtpa plant. Maybe try $1.5Bil in capex to achieve that. 6. Remember points 1 & 2. So doesn't matter what the current global mineral resource says, we know most of it cannot be mined. 7. The question for RPM is how much if the resource there would be contained within an optmised pit shell? How large of a resource would need to be defined at RPM to achieve the recovered gold target? What grades can be expected?
Not as easy as just throwing some rough numbers together to pump a dead horse.
All these uncanny valuation metrics are extremely dangerous.
I'm constantly savagely attacked here for posting facts and realistic expectation
but most just prefer to see post about the resource being valued at $150/oz
& billion dollar targets.
like the piece that egghunter wrote.
NVA Price at posting:
61.0¢ Sentiment: Hold Disclosure: Held
(20min delay)