I’m thinking it’s possibly an issue with foot print as well. Ore sorting machines are a much smaller footprint and far more enviro friendly. Nova did release a presentation basically saying they are struggling to find the edge of the mineralisation. It was one of the issues with completing the initial SS they needed to find somewhere which didn’t have gold to put a processing plant. So they had to step out the drilling to find the limits of the ore body - you’d probably have a better idea on that front than me.
Chris interviews of late have all said the sweet spot would be a starter operation for capex $200-$250m with an approx 2-3 year payback period. That’s a 100k oz pa plant. Rough calcs should then say AISC with a gold price of say $1,600 an oz, would be around $800-$900 an oz. There’s not been any mention of building a larger plant and increasing capex cost.
Remembering as well Management have performance options hinging on a PFS on Korbel Main with a IRR of 20% minimum. So they’ll need a half decent SS as a starting point….. they wanna have first gold pour within next 5 years, I can’t see why (with performance options hanging on this as well) why they’d pivot away hard from a small starter pit operation.
- Forums
- ASX - By Stock
- General Chat
I’m thinking it’s possibly an issue with foot print as well. Ore...
-
- There are more pages in this discussion • 3,840 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NVA (ASX) to my watchlist
(20min delay)
|
|||||
Last
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $38.96M |
Open | High | Low | Value | Volume |
15.5¢ | 16.0¢ | 15.5¢ | $40.76K | 260.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 50778 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 20036 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 50778 | 0.155 |
4 | 141834 | 0.150 |
4 | 175742 | 0.145 |
3 | 420000 | 0.140 |
2 | 27000 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 20036 | 1 |
0.175 | 10000 | 1 |
0.180 | 37701 | 4 |
0.185 | 5555 | 2 |
0.195 | 104995 | 2 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
NVA (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online