RE:@Tradeahead @Tradeahead Quick back of envelope cash flow based on fresh interview data. (it is getting late here, so just real quick)
100.000 ounces sold at 2.293 = 229,3 million CAD.
We assume we can run the mill at around 11 mio./month. (exploration excluded).
A cost structure of 132 vs. 229,3 million in revenue, a potential profit of 97,3 mill. CAD.
Now, if one thing is for sure at NVO, it is that there is gold for decades to come from many projects throughout 14,000 m2 of land.
A cash flow of 97,3 million should realistically be valued at a multiple of 20.
20x 97,3 = 1,946 billion. Add to this other assets of 204 million. And a presumed but not recorded future value of Elementum3D adjusted to 100 million.
And we are at 2,25 billion.