Member Info for Helx2

"Preparations to re-open the Bonanza Mine continue to advance, despite industry-wide labour tightness and minor delays in laboratory workflows. With contractor mobilisation scheduled for early January and the camp nearing completion, Nativo remains well positioned to resume small-scale mining at Bonanza in early 2026, while simultaneously maturing additional targets that may provide further production capacity in the medium term.“

When the penny finally drops with the market the re-rate here is going to be staggering.

NTVO are doing the right things, all in good time.

*pray

*holders

*ones

'mining contractor procured' update next week - something to look forward to!

Haha agreed coops - I was just putting in perspective how dettached the mcap is compared to the initial activity in Q1-26!

think i'm being harsh with the opex costs too (includes 3rd party processing) - $1,500 is likely too high - $1,100 - $1,400 more appropriate - so say $1,250?

all adds to the bottom line. (just another 5 mines to get up & running thereafter...)

Big money is in the GOPP as coop sensibly reminds us! & I haven't even brought up the tailings refinement plans...

'ill-repute' ;D

Your calcs based off of my calcs golf?

If I believed everything you said - then based upon Bonanza alone @ a conservative P/E of 5 you'd be at $4.5m mcap so 2x today's mcap. (noting this excludes GOPP, the 5 other planned mines and the tailings workstream).

However, you're wrong on a number of counts: 1. the average reduction (discount) applied to gold doré bars compared to the international spot price of refined gold bullion is typically in the range of 5–10% below spot - so admit that wasn't in my estimate but 30% is disproportionally high. - adjust to 7.5%.

Recovery rate of 90% is good to add - makes sense / i'd missed this.

Using the above you'd get $127,560 / m= $1.53m net profit so $7.65m mcap (again Bonanaz alone).

If the grades replicate the average that St Elias dug up from the same tenement (1,157 t @ 30g/t) - then you can double the above outright.

If they average 63g/t... well then. I think you know what happens to the share price. Will factor the above adjustments into my future calcs. GOPP operation in Q2-26 obviously discounts the operational costs further via self-processing.

I wouldn't blame the ECHO consolidation - i'd blame the poor business plan / macro-economic factors (Argentinian economy) for the loss of your former pot. (pension pot too?)

It's a clean slate here now at NTVO. We've already seen a rise from 0.25p to 0.75p (across the last 6months) and drop back to where we are today - which is ironic because we've never been so close to re-mining activities + development of our GOPP facility (both fully funded).

At least you're keen to average down I guess - makes sense / shows belief in the plans.

Glad you've bought in anyhow

The first to break eh? love it - keep em comin!

Careful Golf - that's two mistakes this week from you ;D

The delay is in the upgrade of the camp to 40 people, not the existence of the camp for 20 people on-site ;D (will be done in time for re-mining - so early Jan).

As for the other mistake... Golf post from 08-Dec-25 - 'Any way no point in getting wound up, Jan is the time for buying as I keep saying, but at this rate it may come around a little earlier'

I'll get the rockets ready.

I’d take mining contractor announcement with a dash of some of the early / processed assay results by the end of next week 😉 - starting in early Jan 😄⛏️

Derampers missing the opening they created…? 🤞

Someone loading hard 😉

I think you'll invest in Dec or Jan like your post from yday stated - how much was my question.

Still ducking the question golf... ;D

Ho ho ho - I enjoy Golf's ducking out of a simple question which he set up on a plate for himself. The good news is (by his own admission) that he's planning on investing very soon - I was just curious to know how much turkey he had to put on the plate - all of this negative energy and effort must be worth a sizable punt. Perhaps another pension pot size eh ranger?

Sometimes you need a small shake before the big rises - there's a lot of good in that RNS - especially the openness and fact that they're looking to conclude the mining contractor procurement by next week.

Golf - Will you be investing before or after the mining contractor is selected next week...?

'A contractor is expected to be formally appointed next week, with mobilisation to site expected in (sic. early) January 2026.'

"Preparations to re-open the Bonanza Mine continue to advance, despite industry-wide labour tightness and minor delays in laboratory workflows. With contractor mobilisation scheduled for early January and the camp nearing completion, Nativo remains well positioned to resume small-scale mining at Bonanza in early 2026, while simultaneously maturing additional targets that may provide further production capacity in the medium term."

Hey golf - i'll ask you for the third time re your targeted buy in Dec / Jan strategy - how much you thinking of investing?

Golden opportunity for you today ;D

Just looking at Bonanza in isolation, the g/t Au they identify will make for interesting reading - previously looking for between 8-12 Au g/t (with most of my calcs based off of 10g/t x 4t a day).

They successfully mined Bonanza at 63g/t and a former explorer/miner St Elias recovered over 1,157 tonnes at an average grade of Au 32 g/t from three veins over Tesoro...

At 10g/t based upon 4t a day extraction (at $4,200/oz & $1,500 all-in costs incl. processing) you're looking at $2m/yr TO with $1.3m net profit.

At 20g/t this moves to $4m / $2.64m (per annum)

At 30g/t this moves to $6m / $4.08m (per annum)

At 63g/t this moves to $12.4m / 8m (per annum)

Using a conservative P/E of 5 - this takes you anywhere between $6.5m mcap to $40m for Bonanza alone...

All of the above EXCLUDES the funded 360t / day ore processing GOPP activities & the other 5 mines at Tesoro & tailings deposit activities.

£1.5m mcap will look like a joke in the near future.