TXRogers wrote: allenbow wrote: All I can say is, if one assumes the 10 million ounces on PR and CW, and say this is 5 for each tenement, this means 2.5 million ounces to Arty for its PW 50% share in the JV and 1 million ounces to Arty for 20% of CW. Then say that AISC is $300 per ounce ( given that pundits claim that it would only cost $100 per ounce to mine the conglomerates but give them $300 for AISC why not), then you get something like 6.5 million ounces for NVO sold at $900 per ounce a non discounted EV of 5.8 billion call it six because we have not priced in Beaton’s or in fact anything else over the 2000 sq. Km but toss that in as good will and paying up 6 billion for NVO becomes not so far fetched. That's 8.7 times present market cap or $40 Cad per share give or take.... 10 bagger and the Virginia Slim suitor gets the whole thing and maybe $40 is just a starter. Its like The Price is Right - but can we have the mineralisation report envelope please?
As of today, Novo has over 12,000 sq-kms of granted tenements and/or applications in process. To put that into some perspective, that compares to the area of the following land masses: A little less than the State of Connecticut (14,360 sq-km) and Northern Ireland (14,130 sq-km), More than the Big Island of Hawaii (10,432.5 sq-km) and Puerto Rico (8,870 sq km), And More than these independent nations: Qatar (at 11,590 sq-km), Jamaica (at 10,830 sq-km), Lebanon (at 10,230 sq-km), The Bahamas (at 10,010 sq-km), Gambia (at 10,000 sq-km), Cyprus (at 9,240 sq-km), Not bad for a potential gold exploration growth story. Tx