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21.0¢ nova minerals limited

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

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440 Posts.

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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(20min delay)
Last 21.0¢		Change -0.010(4.55%)		Mkt cap ! $47.31M

Open	High	Low	Value	Volume
22.0¢	22.0¢	21.0¢	$848	3.895K

Buyers (Bids)

No.	Vol.	Price($)
1	11079	21.0¢

Sellers (Offers)

Price($)	Vol.	No.
22.0¢	15488	3

View Market Depth

No.	Vol.	Price($)
1	11079	0.210
3	31272	0.200
1	25000	0.195
1	10000	0.190
4	96844	0.185

Price($)	Vol.	No.
0.220	15488	3
0.225	30564	1
0.230	2238	1
0.235	6547	1
0.240	23300	2

Last trade - 12.36pm 23/07/2024 (20 minute delay)

NVA (ASX) Chart

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