NVA - 20201123 - Evolution.pdf
Heres another Broker Report on Nova, this time from November 2020.
Price at the time was $0.22 with a target of $0.40.
Interestingly on Page 4 they provide a breakup of their $0.40 valuation, which at the time was
Excluding the $0.15 for the increase to 10Moz, then their idea fair value for 5Moz would be $0.25 all else being equal, but as you mention it doesnt seem to account for the other investments at hand, and doesn't account for the developments in ore sorting etc. since Nov 2020.
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NVA - 20201123 - Evolution.pdfHeres another Broker Report on...
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