RE: Bonanza Operations: The Processing Plant5 Feb 2026 09:38
Yes correct ice the processing plant is a major play for NTVO - the equivalent of creating a new stand alone business which once completed / commissioned will become an instant cash generator, and we arn’t talk small margins ie 5 and 10%
The region is absolutely chockablock with small artisanal gold miners who are restricted into how much they can produce and the distance they have to shift concentrate to be processed, so much so 1/3 of the value of the gold processed is usually absorbed in producing costs.
So the new plant is competing with nobody, and the crushing machines are specifically designed to maximise output for small as well as large quantities which is a massive advantage for small miners who’ve made livings in this industry for decades.
So the plant will not only profit from producing for these guys , it will also allow the local industry to expand alongside NVTO’s own production expansion which in effect turns NVTOs production costs for their own production to positive !
Has to be noted that until this plant can be completed NTVO simply cannot expand because they are in the same straight jacket as all the other miners in the region, but Q2 was the last update which is fast approaching.
Once again the board have to be commended they’ve done their research put a fantastic workable plan together and got the finance without security !
DYOR