EVN 1.08% $4.69 evolution mining limited

It will be above and oversubscribed. I really don't see why not...

  1. 6,273 Posts.
    lightbulb Created with Sketch. 2965
    It will be above and oversubscribed. I really don't see why not if you look at the fundamentals of NP and its contributions to EVN.

    Resource wise EVN just became equal to NST is size. Note that grade wise EVN is still below average grade but I believe only because EVN are is conservative. But the proof is always in the pudding (AISC). Lower grade yet lower AISC in comparison to my other cornerstone NST.
    https://hotcopper.com.au/data/attachments/5833/5833360-a37fe1180e9890ac87dd2b1944319130.jpg
    https://hotcopper.com.au/data/attachments/5833/5833397-db4d39f46f33b2205db0b45073dcd33b.jpg

    https://hotcopper.com.au/data/attachments/5833/5833396-26b69204da36a2d52a1b1cf539d73033.jpg

    Those with CAPEX qualms per my previous EVN discussions may do well to note that NP actually smooths out the CAPEX spend is EVN does it sequencing right.

    https://hotcopper.com.au/data/attachments/5833/5833413-ac0fdb602c25bff2416a8e903a696d12.jpg

    Saving the best for last....JK show me the money!

    https://hotcopper.com.au/data/attachments/5833/5833429-3e49c96133a7234e667d302984f1ed38.jpg
    https://hotcopper.com.au/data/attachments/5833/5833434-d9a7fbf1c3b8644918e79b6a450183da.jpg
    https://hotcopper.com.au/data/attachments/5833/5833436-0c3ddc46b7d1aac18cad9a247de5530b.jpg
    Last edited by Exised: 20/12/23
 
watchlist Created with Sketch. Add EVN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.