NTL - New Talisman Mine - New board & Directors

[ddrone]

ASX looking like it will tip over to 0.7 today.

[gmatt]

http://www.proactiveinvestors.com.au...nd-176875.html

[whatsup]

Great news from a looooooong time s here , circs 1986 !

[mistymountain]

Just in case anyone wondering about that NTL NCM relationship this short video from 2016 is an excellent summary:

https://www.finnewsnetwork.com.au/ar...ork123654.html

[Stock Rooster]

Very strong announcement and a week earlier than expected I guess because they figured the Certificate of Compliance was news that was price sensitive. I agree with Robbo's post over on Hotcopper; it would appear they have taken some good plannning advice and managed to circumvent delays. Note they specifically mention traffic movements are allowed for.
Strong prospect of more gold lower down and Rahu underway which is money for jam. I note the ASX volume was 3x the NZX. Once the ASX wakes up to it the sp will look after itself.
And here I was worrying about a rinse and repeat Quarterly! Well done Matthew and the team...excellent progress.

Discl. Bought more yesterday post announcement.

Hey Jonu,

Are you satisfied with NTL response and amount of detail in relation to the delayed TMP?

As announced in the previous quarterly report the company and council are working together on finalising a traffic management plan (TMP) that meets the needs of council and NTL. Whilst Company mine traffic on the road will be minimal, with reference to safety guidelines we have sought specialist input from our engineers and the council engineers

[jonu]

Hey Jonu,

Are you satisfied with NTL response and amount of detail in relation to the delayed TMP?

As announced in the previous quarterly report the company and council are working together on finalising a traffic management plan (TMP) that meets the needs of council and NTL. Whilst Company mine traffic on the road will be minimal, with reference to safety guidelines we have sought specialist input from our engineers and the council engineers

Not entirely...but as per earlier post, I think they have circumvented whatever holdup there is with the council via the Compliance Cert.
They are now able to get on with sampling, installation of gear etc which they had to do before serious mining anyway. The Talisman Deeps and Rahu are set to add serious value when the sample results come through.

[Baa_Baa]

.. The Talisman Deeps and Rahu are set to add serious value when the sample results come through.

What year is that going to be and how serious is the value you're expecting?

[jonu]

What year is that going to be and how serious is the value you're expecting?

I suggest you read the latest quarterly Baa, it is quite lengthy, but you may as well get it from the horse's mouth. Can't see why it wouldn't be this year personally, but I have no experience in the JORC code which is mentioned in the release, and how long it takes to get your samples verified. The historic grams per tonne are eye-watering and their data suggests there is plenty more lower down. Newmont also appear to be full steam ahead at Rahu and that is complete bonus material for NTL.

[Baa_Baa]

I suggest you read the latest quarterly Baa, it is quite lengthy, but you may as well get it from the horse's mouth. Can't see why it wouldn't be this year personally, but I have no experience in the JORC code which is mentioned in the release, and how long it takes to get your samples verified. The historic grams per tonne are eye-watering and their data suggests there is plenty more lower down. Newmont also appear to be full steam ahead at Rahu and that is complete bonus material for NTL.

I've read it, typically lengthy and optimistic. Finally they have access, it's time to dig up some gold though, then we can all get excited.

[jonu]

I've read it, typically lengthy and optimistic. Finally they have access, it's time to dig up some gold though, then we can all get excited.

As far as Rahu goes it'll be Newmont digging it up with NTL having the option of a 20% JV stake or 2% royalty (I think those figures are correct).

If NTL can increase it's own JORC it effectively becomes a higher value tangible asset to the company, without having dug it up. So yes, while actual mining is the main target, there is value to be added before we get there.