Anova Metals' (ASX: AWV) share price has doubled since January as it moves towards first production at its low-cost Nevada gold mine

Anova Metals' (ASX: AWV) share price has doubled since January as it moves towards first production at its low-cost Nevada gold mine. With final permitting for the initial stages expected during late Q2 2015, open-pit mining is set to commence during mid-2015. Big Springs is a high-quality asset, with a clear, rapid and importantly low-risk path to production. It requires low start-up capital of just US$2 million for the initial open-pit phase, as ore will be processed via a toll-treatment agreement at the neighbouring Jerritt Canyon mine operation. This eliminates the need to build a treatment plant, which in addition to minimizing costs, simplifies permitting and significantly reduces development timelines and start-up risk. The doubling of Anova's share price since January reflects growing market appreciation of its potential.


Gavin Wendt
Founding Director
MineLife

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter