Novagold

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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MoneyK

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Novagold

posted on Oct 17, 2021 08:20PM

A little off topic, but anyone follow this company?

How can they possibly trade at 3B+ market cap with only a 50% stake in their Donlin project? That's like 160% or more of their after-tax NAV (5%)?

"Based on the economic evaluation, the Donlin Gold project generates positive before and after-tax economic results. Total after-tax cash flow is $13,145 million, after-tax NPV 5 is $3,040 million, and the after-tax internal rate of return is 9.2%. After-tax payback is achieved 7.3 years following the start of production."

They have a lot of gold and good grades, but economics don't seem to justify that kind of valuation? 7BUS+ capex cost, outch!