re: nova energy running takeover target u market cap is about $270m at $5. Assuming their resources get up to about 25-30mil pounds thats an EV per ound of less than $10/lb. Not to mention an additional notional $50m valuation of their exploration ground in Namibia, and another $10m in guinea, and another $20mil in WA.
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u stock 35c to 2.40 in a year, page-5
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Charles Armstrong, CEO & Managing Director
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