NVA fair valuation - 25c for 2.5 Moz, 40c for 4 Moz, 50c for 5 Moz and so on ...

I thought it would be helpful to put together an updated peer analysis

I've checked current resource size, share price and shares on issue for each peer as at 26 September. This allows me to get an accurate picture of the per-ounce value of inferred resource peers in AUD and then calculate an average value.


As the meerkat says it can't be more simples. ...

... NVA should be 10c for every 1 Moz inferred or 25c for 2.5 Moz, 40c for 4 Moz, 50c for 5 Moz and so on

NVA should be 30 cents for 3 Moz ...
NVA should be 40 cents for 4 Moz ...
NVA should be 50 cents for 5 Moz ...

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NVA blows the peers out of the water on future scale and likely operating margins as well as buyout or JV potential ( due to the immense scale of their land package, which could get big US gold majors or mid-tiers very interested ).

For quick research have a look at the following two resources:

• Investor Presentation (August) - https://www.asx.com.au/asxpdf/20200820/pdf/44lq5p8lbl84x4.pdf
• Annual Report (released yesterday) - https://www.asx.com.au/asxpdf/20200925/pdf/44n0rc5mr6v4f2.pdf

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Here's the peer analysis I put together and a ready reckoner for resource value

(share the graphic if you see so fit)


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If NVA gets to 10 Moz ...