They emailed it this morning, already translated to English. I find it a bit absurd.
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Extremely underrated compared to other mine developers
So, to what stocks should Nova Minerals be compared?A look at the current gold producers is forbidden at this point, because it will still be a few years before the first gold can be mined on Estelle.However, a comparison with other developers who already have a resource is appropriate.Preferably those whose resources are similar in size.
If you do that, sooner or later De Gray Mining will come into view.De Gray is developing the Mallina gold project in Australia and has also proven over 10 million ounces of gold as a resource at an average mineralization of 1.3 g/t.Compared to Nova Minerals, the average gold grade of the De Gray ores is significantly higher than that of Nova Minerals' Korbel deposit.
If, on the other hand, the resource reported for the first time on the RPM zone is considered, Nova Minerals clearly has the better values with average gold contents of over two grams per tonne.The "big" differences that remain are the location of the projects in Australia and in Nova's case in Alaska, different ores and the associated different processing methods as well as other costs and the higher level of awareness of De Gray Mining.
However, it is questionable whether these relatively small differences justify the large valuation difference that disallowed is currently making between the two companies, because De Gray Mining is currently valued at around 2.7 billion Australian dollars and has only recently reached a new all-time high.
Assuming the market isn't nearly as over-hyping at De Gray Mining as it is under-hyping Nova Minerals at the same time, Nova Minerals stock could jump 10x on the fly and still not be half as good Evaluation by De Gray Mining.
Investors who don't think this extreme valuation gap is appropriate should therefore know what to do in Nova Minerals during these sell-off days.
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Somehow, they compared >10Moz @ 1.3g/t, to 9.9Moz @ 0.28g/t.
(20min delay)