RE: Buys26 Jan 2026 12:50
Hey Ice - I really think we're at the start of the re-rate journey here - the next 6 months (nudging into Q3), should significantly more value un-locked for NTVO. Every step + action gets us closer to turning a paper profit into a realised one.
Fully-funded Phase 1 alone (Bonanza + GOPP) is now targeting between £13.4m (likely) / £30.8m (best) in gross, annual profit by my calcs.
Phase 2 (GOPP 100% capacity reached) - will add an additional +£12m / +£17m of gross profit to likely/best respectively.
Phase 3 (5x other Tesoro mines + Silver Tailings recovery) - who knows.. ;D - it's a little hard to assess..! but circa 5x of Bonanza's value plus the tailings silver (now at @ $110/oz).
The near and medium-term future of NTVO is incredibly bright - especially with a gold price over $5,000/oz - will still be very profitable at anything above $3,000.
The era of the PM super-cycle is here (especially for the next three trump years...)