Minnova is a CVE-listed gold developer that hopes to soon become a gold producer. There are no shortage of promising gold stories with the gold price hovering at around US$2,000/oz, so what sets this one apart?

On the face of things, this looks quite conventional. It all hinges on bringing a previously producing gold mine into production. The current 5-year life-of-mine will need extending imminently, otherwise, investors are unlikely to show interest. Glenn is confident this can be achieved, and he is also cheery regarding the abundance of historical, high-grade data at his disposal. The company also has an old processing plant which can be recommissioned for c.$10M, which adds some value to this small story.

It's a gold play with a market cap of c.15M. Investors are going to have to weigh up Minnova stock VS the ubiquitous gold juniors that also present compelling investment propositions. This model of restarting production at a mine previously shut down in a depressed gold bear environment has worked before but needs the fundamentals to stack up and the money to it. Will it work again?

Company Page: http://www.minnovacorp.ca/

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