Beartrack-Arnett Gold Project PFS: $484M NPV
Revival Gold Inc.'s Beartrack-Arnett Gold Project in Lemhi County, Idaho, USA has a Pre-Feasibility Study (PFS) outlining an after-tax NPV of $484M.
Revival Gold Inc.'s Beartrack-Arnett Gold Project has reported Pre-Feasibility Study (PFS) results for the gold project in Lemhi County, Idaho, USA. The study headlines an after-tax net present value of $484M at a 5% discount rate. It reflects Revival Gold Inc.'s (RVG.V) latest disclosed economics for the asset.
Economics. The after-tax NPV is $484M using a 5% discount rate.
Production and mine plan. The project envisions an open-pit heap leach with potential underground operation.
These figures are extracted from Revival Gold Inc.'s technical disclosures and reflect the most recent PFS on file. Compare this project against other developers and producers in our project economics database, and always verify the numbers against the original technical report before making any investment decision.
Our Analysis
- NPV after-tax
- $484M
higher than 47% of 179 projects we track
- Spot gold today
- $4,173.60/oz
A US$194M micro-cap is carrying a study that puts US$484M of after-tax NPV on one of its three projects. That is roughly two and a half times the entire company, and it is the whole argument in one line. Either the market has not done the work on this asset, or it has done the work and does not believe the number survives contact with financing and permitting. Both readings fit the same facts, and the gap alone does not tell you which is right.
The study is a pre-feasibility, which narrows the estimate to something like a plus or minus 25% band but stops well short of a build decision. That matters here because the NPV ranks higher than 47% of the 179 gold projects we track: solidly mid-pack, not a standout. A mid-pack return on a pre-feasibility number is a reasonable thing to own, but it is not a return that forces the market's hand on its own. Idaho is a mining-friendly US jurisdiction, which helps on permitting relative to higher-risk addresses, though it does not remove the timeline risk.
The sharper constraint is scale. A company of this size proposing a development of this size cannot quietly fund it: the equity raise required to build would be large relative to the existing market cap, and dilution is the mechanism by which a good NPV gets transferred away from current holders. That is the question that decides this project. Not whether the ounces are there, and not whether the after-tax NPV clears the bar, but whether a US$194M company can finance the build without handing the economics to whoever writes the cheque.
Our take, benchmarked against the project economics in the Mining Stocks database. Figures are estimates drawn from company technical reports — not investment advice; always verify against the source filing.
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