Originally Posted by
bullish
Moosie. Your calc is based of phase 1 npv comparing to market cap which would place no value on their tenements. Rahu, Gold Valley and Northland. Let alone phase 2 whatever that would look like. From my view the npv only looks at Jorc reserve of 35,000 of 200,000 ounces. That's a fair bit of value left on the table outside the first phase.
It appears that if the investment by Chinese goes through it leaves 165,000 ounces and a treatment plant.
I could not find the 3 refs to reserve only 1 and that is the Maiden Jorc reserve calculation. Where did you find other reserve numbers? Jorc code isn't variable so whatever is jorced and signed off is the number to work off.
I have searched and cannot find any project on nzx or asx of this advanced stage which still carries an explorers value.
Be interested if anyone has found a solid comparable. And please not shattered glass earth.
Maybe Zorro can shed some better light on this.
Disc. Holding NTL, NTLO, NTLOA and hoping for a rights issue.