The main unknown with NTU is the size of the resource. We are using an estimate of 3Mt
@ 0.75% TREO or 22kt of TREO which appears conservative in light of the drill results
received at Browns Range and John Galt. Assays received from the latest drilling program
at Wolverine provided some outstanding intersections including 28m @ 1.77% TREO and
47m @ 0.82% TREO. 22kt of TREO provides a LOM of 6 years. These with our conservative
view on operating costs, capital costs, ore grade and price assumptions for the production
of 3ktpa of contained oxide in concentrate from Browns Range provide an NPV of $189M.
Including cash, corporate expenses and unpaid capital we estimate NTU’s NAV is $192M or
$0.83/share.
valuation, page-2
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Last
2.5¢ |
Change
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Mkt cap ! $147.7M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.5¢ | 2.3¢ | $76.17K | 3.179M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 558604 | 2.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 2312589 | 4 |
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