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14.5¢ nova minerals limited

Ann: Korbel Gold Project Starter Pit Scoping Study, page-414

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79

07/03/22

20:08

Post #: 60042307
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Originally posted by GMoney79: ↑

I think what has been largely overlooked in this is the free cash flow Nova can generate over this evaluation period - and it’s only a small part of the tenement they are processing.

Current free cash flow is $716m USD, based on Korbel alone. If they have capacity to produce 200,000 ounces p.a. Let’s say with RPM as a mix through the plant they can average 160,000 ounces p.a. For the evaluation period.

Based on the AISC provided that would mean an additional 444,000 ounces processed. It means we would add at least $250m USD in free cash flow to the project.

we are now talking about free cash flow of nearly $1b USD over a 15 year period, and we’ve only mined 1/4 of the current ounces reported. With a market cap of approx $100m right now it’s looking incredibly cheap.

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The market obviously doesn't think that its cheap. Why is that do you think?

NVA Price at posting: 57.0¢ Sentiment: Buy Disclosure: Not Held
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Last 14.5¢		Change 0.005(3.57%)		Mkt cap ! $39.43M

Open	High	Low	Value	Volume
14.0¢	14.5¢	14.0¢	$49.82K	353.9K

Buyers (Bids)

No.	Vol.	Price($)
5	70219	14.0¢

Sellers (Offers)

Price($)	Vol.	No.
14.5¢	47000	1

View Market Depth

No.	Vol.	Price($)
5	70219	0.140
6	472607	0.135
19	967603	0.130
10	354237	0.125
5	301000	0.120

Price($)	Vol.	No.
0.145	47000	1
0.150	62000	2
0.155	17500	1
0.160	5000	1
0.170	21422	3

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