I feel like the JORC table could use some work, to better understand the sensitivities analysis.
The above JORC table shows 0.3g/t from Korbel, then 0.3g/t even after adding RPM North (the Total row)...
So I've recalculated it myself, with more decimal places on the g/t, and using the SS cut-offs.
The mid-section of the above screenshot is most relevant. It uses the cut-off for Korbel as used in the SS, you'll note that adding RPM increases the grade from 0.4g/t to 0.49g/t. A 22% rise.
According to the SS sensitivities analysis, a 10% rise in grade adds $225m to NPV.
Well, this is 22%, not 10%. Worth $495m extra instead?
That's probably exaggerating a bit, since it's not Korbel's grade rising by 22%. So mixing-in RPM feed could boost the grade by 22% (if spread over 15 years), but would probably incur higher transport/infrastructure costs. So the sensitivities analysis would not apply 1:1.
Alternatively, they may front-load RPM feed to get more cashflow up front. Eg. mix-in RPM's resource over the first 7 years (instead of the full 15) and add 45% to the grade instead of 22%. Interesting. That could make it even more sensitive, by avoiding the higher discount rate of later years.
That assumes 1.5Moz from RPM North. Could grow too?
Caveat: resources ain't reserves.
- Forums
- ASX - By Stock
- Sensitivities
I feel like the JORC table could use some work, to better...
-
-
- There are more pages in this discussion • 19 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
|
|||||
Last
14.5¢ |
Change
-0.025(14.7%) |
Mkt cap ! $35.31M |
Open | High | Low | Value | Volume |
17.5¢ | 17.5¢ | 12.5¢ | $227.1K | 1.494M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 55396 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 55396 | 0.145 |
3 | 80500 | 0.140 |
2 | 57300 | 0.135 |
3 | 103846 | 0.130 |
5 | 88000 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 20000 | 1 |
0.175 | 50000 | 1 |
0.190 | 29368 | 2 |
0.220 | 1025 | 1 |
0.230 | 2238 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
Featured News
NVA (ASX) Chart |