RE: Wasn't expecting that!25 Sep 2025 10:34
Most people don't realise that NTVO's plan is to be a gold processor as much as it is to be an artisinal miner:
1. Mine average of 60t / day @ 15g/t average grade on the initial Bonanza mining project = 118k/day @ $3,700/oz = $30.7m/y less OPEX incl. 3rd party refining.
2. Build a processing plant with 350t/day capacity - (processing the 60t/day above + 290t/d from other nearby gold miners (taking a 30% cut across all) = $206k/day = $53.4m / yr. less cost.
3. Build another gold processing plant with 350t/day capacity (north tailings project) to repeat 2 = $53.4m / annum est. less cost based upon the same grade rate.
If all of this comes to fruition that's $530k / day ($137.8m / annum) less initial CAPEX (say $20m) / OPEX (say$10m for both plants) = $108m profit / annum - currently sitting at £2m mcap... - on a low P/E of 8 - NTVO has the potential to be valued at $800m+ in time (if plans get delivered).