Photo of her with a gold nugget?
Printable View
Sweet, the Red Threat is gone for a while.
Doesn't look like green was ever much of a threat
One Commie in the hand is worth about 85 in the bush as thr Americans learnt the hard way back in the 60s and 70s :p
Well now the election is done and dusted any potential for disruption through a change of Govt seems to have vanished. Perhaps a bit of uplift tomorrow now that is out of the way.
Down 0.001c Not the movement I was hoping for
Those test results should be out soon as I suspect they didn't want to release them till after the election.
Gold Testing
Surely we should have those test results by now? As it's been 2 weeks...
wow so average of 1.5 oz per tonne! just a quick google the world wide gold mine average per tonne is 10 grams....so this is amazing if its throughout the majority of the mine!
(source: http://goldinvestingnews.com/world-class-gold-deposits)
I see this breaking the 1.5c mark today
saying that though if they processes the 70 tonnes with an average grave of 1.5oz thats at least $200k right?
There's two things hanging over NTL and the share price right now, in my view:
- Upcoming need for further capital raising, which will be at a discount as per usual.
- Gold prices picked to head down to support of $1180US and perhaps even break that to sub $1000.
Number 2 is particularly concerning as NTL's previous guidance is that $1000US is breakeven.
Anyway, the good news is very good news so still a good step.
Phase 2 is where the real gold reserves will be at.
One needs to consider also where gold is going as a financial instrument, short term it moves as a commodity and responds to geo political risk, long term it is correlated with bond markets, inversely to the TNX. If the 30 year bull run in US bonds ends during this economic cycle, POG may not be all that pretty for the next several years.
US$1000 during 2016 carries a high probability IMO, though I’m undecided on whether the bull market will break or not at that time, watching though, it may be a pivot point whereby POG will either reverse or continue downward. Interested in the thoughts of others on that one ?
And the SP has gone...............nowhere
From July 5th 2013 Report in case you had forgotten:)
Five strongly mineralised rock specimens, each weighing 250g to 500g, were selected visually from BM37
Bonanza zone ore grade material previously collected from the Talisman mine. Each was assayed at SGS
New Zealand’s Waihi laboratory, to assist a geometallurgical study of the ore. The geometallurgical
specimens yielded the following results:
ROCK..... Au.......Au(R).....Ag.......Ag(R).......Notes:
SAMPLE PPM......PPM......PPM......PPM..........Au gold
BIN 1-6 2130...... -.........3660.....3690........Ag silver
PRA 2-1 882.......885....>4000.......-............(R) repeat analysis
PRA 2-2 300........ -........2540.......-.............PPM parts per million
PRA 4-1 766.......755......2670.......-.............% percent
PRA 4-6 1.02%...1.05%>4000 >4000...........> greater than
PRA 4-6 equals 10500 grams per Tonne
Equals 10500/ c 28grams per ounce = 375 ounces of gold
500,000 a ute load, hmm, not bad.
Assume somebody will be riding shotgun from the mine to Waihi:)
And the world average is 10g to the tonne?
I know, I know, they are only specimens but still a great indication of the potential.
is anyone able to explain in more detail than my novice self the effect the reserve bank shorting the currency is going to have?
Surely it is going to be beneficial for us? if the price of gold stays the same but the value of our currency drops to Mr Key's 'Goldilocks Zone' of 65 cents then NTL would end up with more bang for their ounce right?
Yes indeed the PoG increases when converted into NZ dollars with a depreciating NZ dollar against the greenback. Possibly some of the processing costs will be geared to the $US so some icing will be shaved off the cake.
I think the next couple of days will see a few more investors joining the party with the stars now aligning: ie National is back with a clear majority, the sampling easily met expectations, Newmont are getting involved with the processing, we have strong management in place and the exchange rate is dropping. OK we just need the PoG to rise but we can't be too greedy.
http://www.proactiveinvestors.com/co...ake-56480.html
The company had completed about 2,492 metres of drilling at Rahu, which together with previous drilling campaigns and geological investigations, provides evidence its mineralisation and alteration present represents the upper levels of and northern extension of the Talisman epithermal gold system.
It has filed an application to include Rahu into the Talisman permit, allowing for a natural extension of mining operations.
What do you think the chances are of Rahu permit approval being granted as inclusion under current talisman operating permit?
Would it push SP up if only temporarily?
http://www.asx.com.au/asxpdf/2014100...slyvqt1qwz.pdf
28m shares in a private placement at 1nz cent each :)
RIGHT: NTL: Rights issue
And now a rights issue. I'll be taking mine.
$1180 about to break on gold as US jobs report was above expectations. There is not much other than psychological support levels holding up gold if that key support level fails. This then brings into question whether NTL will ever be profitable if the magic $1000 profit mark is breached. Wonder what the new 1c holders are thinking today...
https://www.nzx.com/companies/NTL/announcements/256303
Start Date 13.12.14
One trade of One right (too small for price setting) at 0.4c.
Sort of sums it all up.
Best Wishes
Paper Tiger
C de la H can put all the Private Members Bills she likes. It still has to get drawn. On top of that it is against the law to prevent other people from using a public thoroughfare and Im sure the police will be taking a dim view of tampering with vehicles. The Gorge itself will be unaltered except from natural causes.Quote:
Catherine Delahunty of the Greens is putting forward a Private Member's Bill aiming to extend Schedule Four to include Karangahake Gorge. Seems pretty confident of support from left. Quite a few compliance issues with access to mountain NTG needs to address, too. It's very narrow road, with no room to widen in some places, and long areas with no possible passing bays. New Talisman have to get their traffic management plan approved by council, and locals are out with their tape measures, making submissions and generally getting pretty stroppy, and making it very clear they are not wanting to share this road with a mining company. There's extremely heavy usage during tourism season, which will exacerbate access problems, and will add to road congestion. That, combined with local's own heavy usage of that road... there may be a surprising quantity of flat tyres, and machanically unsound vehicles on that road, and people who love the mountain making an PARTICULAR effort to visit it, and approaching it and parking at NTG's SOLE access point. Be pessimistic, New Talisman Gold investors, be very pessimistic :-(
Why dont the Greens wake up to the fact that it was the previous mining that makes Karangahake the place it is -if that hadnt happened it would just be another bend in the river largely ignored by passing travellers desperate to get through the rough stuff and into the open. Perhaps extracurricular gardening ventures may be the reason for the sudden interest in mining.
NTL has been out there for years - what took so long?:)
Green Party members suffer from a lack of foresight and thinking beyond the immediate term just like every other politician on this planet. Probably believed their own pripaganda as well. They are now on the backfoot and are scrambling. I expect a certain Mr Bridges will helpfully extend a foot to shove them back down the mountain.
Catherine Delahuntin'for'a'thunkin
Sorry, we are not remembering our manners here.
Welcome to sharetrader and thank you for your in depth posting:)
You sound a tad desperate GoodasGold. Election not go the way you wanted?
In the South towns like Arrowtown, Glenorcy, Queenstown, Cromwell, Alex, Clyde, etc, would probably not exist without a gold mining heritage, it allowed for in land settlement at a time when none really existed, and many local folk today still earn very good tourism livings from what is now left.
The locals retain a great deal of pride in that history and culture, the difference in the North Island is that you choose to not do so, you allow minority hippie thinking to determine outcomes, and that is the only real problem in this case also.
The private members bill will fail and those behind it very probably anticipate and plan for that occurrence from the get go, as it is most probably intended as a politically correct means of putting the matter to bed.
It should not be required, the hippies have already had their say at resource consent time, and it just serves to waste yet more taxpayer’s money though pandering.
I support the intention of the resource consent process, 25 years on now though increasingly it provides too much reinforcement for the minority and fringe views of self-interested nimby’s and hippies, and now every little matter that comes along is subject to behaviours which have been reinforced and even promoted by the process itself.
It is time for a change, let’s see if Nick Smith as the new environment minister has the balls to make it happen.
Relying on gold to continue operating seems a strange thing for a mining company to do, still, I suppose anything is possible.:eek2:
I don't normally post the letters I write but have referenced this one as an open letter, so I'm comfortable on that basis. I'd encourage others to do the same at this time whilst there is the potential for change in the wind.
I recently wrote to Amy Adams in regard to EPA process and received a response from the Chief Executive of the EPA. They do it seems actually at least read what folk write to them, the more the support the better IMO.
----------------------------------------------------------------------------------------------
Dear Nick,
Congratulations on your new appointment, I hope you may settle into your new role quickly and may find an opportunity for change without hindrance.
I write you this open letter from a ‘mum and dad’ investor’s perspective.
I have both been involved in the application of resource consents and have made submissions on resource consents frequently over a twenty year timeframe. The resource management act has served new Zealand less than adequately, it has rightfully provided all people with an opportunity to have a say within the democracy in which we live, but it remains a flawed process in terms of facilitating economic growth and provides extreme levels of regulatory risk to business and to those with enough creativity and energy to create jobs.
Over recent years we have seen companies such as New Talisman and Chatham Rock Phosphate which prospectively may offer good regional and national economic benefit tortured by mining permit and resource consent processes to the point whereby they may become significantly less economic or possibly even bankrupt.
The duration and uncertainty of permit and consent processes in New Zealand, often enduring for years in some cases, provides extreme levels of risk for entrepreneurial companies and significantly hinders their ability to seek finance. In addition, these processes really do send a signal to business and investors that New Zealand is closed for development and steers both foreign and local sector capital abroad.
I have personally worked for a company that made a clear and cognisant decision not to invest further in New Zealand after their first resource consent for a $150M facility took over two years to obtain. Not only was the venture rendered less economic by the process itself, it incurred two years of lost production revenues and two years of additional cost of capital. This was two years more than they may experience in other countries where they may choose to alternatively invest.
It does often seem that the quiet majority view of New Zealanders whom benefit from economic diversity and growth are very often ignored by these processes allowing proceedings to become unduly protracted and manipulated by the perspectives of very well funded professional protest groups, NIMBY’s and vocal minority groups .
With a clear mandate for change, many like myself support your efforts in correcting this deficiency.
yours faithfully,
Mac
There is quite a bit more to NTL overall than just Karangahake but I guess you know that already. Why dont you look at it from the positive side, if you worked closely with them there may be opportunities for tourists to see a working gold mine in operation. Tourists could help transport the ore in bicycle pannier bags to Waihi for a small fee or tie a trailer on behind the bus. Even reinstall the rail lines and run golf carts like they do in Taranaki :)Just add a trailer.
Think of all the extra meals needed at the cafes for hungry miners and Im sure the Waikino Pub will do a roaring trade.
Of course anyone has the right to operate a tourism business and good luck to all. However it is not the only business on the planet and it might be wise to exhibit the same consideration expected of others.
Geologists, miners, drillers, bobcat operators ( that reminds me - isnt Bobcat coming back?) and truck drivers also have families to feed and are free in a democratic society to pursue whatever legal job opportunities that exist.
Very funny how in little ol' laid back NZ the first movers just CANNOT stand competition or other operators. We have seen this through the greens on the West Coast opposing BRL, fishing industry opposing CRP, pretty much everyone opposing TTR and now tourism operators fighting NTL. Even a high profile crook (Kim Dotcom) got to oppose the government! I'm all for free speech and arguing your point, but it's got to the point where it's now laughable with some of this 'opposition'. Sure you should complain about a single access road and demand it be bettered if it's an only access point, but don't try to sabotage an entire startup company because of it and other issues which can be worked through. There is a sense of constant naysaying pervading NZ and a lot of us are sick of it. Where did the NZ go where we worked together with No8 wire to het things done with our neighbor for the betterment of both? I like to think of this country as a progressive country where things get done and everyone knows everyone else and wants to help them and has RESPONSIBILITY, not a country where everyone complains and sits on their arses and demands handouts because they think it's their right...
I think GoodasGold might be making some very valid points. If I learnt anything from my previous very poor investment in Glass Earth Gold (AXG), it was that the careful spin put on company press releases from this type of company, while not illegal, missed out some other salient facts quite often. Or facts that legally had to be divulged were hidden deep inside documents. You name it, they tried it. In the end, some local knowledge that I obtained, confirmed that my investment was likely going to be toast, at least for the foreseeable future.
It's up to shareholders now, to keep NTG honest. Sure, the company needs investor funds to get properly started, and they have plans afoot. I don't think they are set in concrete until the funds arrive. In the meantime, the company should be making sure that access to the walking tracks continues unimpeded. Why not even help to upgrade them, surely that would go down well. Similarly, they need to work out ways to share the access road. A few sets of lights controlled by beams, between the passing areas, should do the trick. Not expensive, and done on plenty of private access roads already. Where possible, the mining movements should be done at night, or when other traffic is unlikely.
Discl, I am not investing in shares at the moment.
I reckon BFG it’s about the existing process having become a platform for self reinforcing behaviours.
Twenty years ago the resource consent process was intended to better control environmental standards and to ensure all directly affected parties on the ground got a say, but it’s become totally high jacked.
Some with tall poppy envy use it as a tool to try and financially cripple fledgling companies just to get their jollies, let’s face it iwi interests just want something for nothing out of it, and very well funded foreign lobby groups like greenpeace just want to peddle their franchise because the system allows them to do so and the process here makes New Zealand a very soft touch.
Then there are some who actually believe the tourist sector 100% green image spin and actually try to reinforce it. And, of course there are those who like to think they are rebels with a cause, what a waste of energy that could be put into something constructive.
It is time for a change.
It's almost like complaining has become a type of militancy and is endemic in the population. As EZ said, there is more than enough room for both parties to reach an agreed settlement to the problems before them. One does not trump the other just because it got there first, sorry. Last I checked we live in a free market and open democracy. Act accordingly.
Sounds like the situation is all nicely prejudged. Anyone think of getting some clarification on the alleged instability and what that involves first?
Are you going to stick your hand up and take responsibility if some gaga tourist takes a tumble into the river from the "windows"?
Probably not.
And it is NTL not NTG or NHG
And BFG not BEG
Having got that sorted, you all have a nice day.
Cheers
Miner
At the end of the day Goodasgold, and as much as you may retain bitter and twisted NIMBY objections, gold mining was there long before you were as the primary activity in the area. When one moves into a heritage region one should make an effort to accept that what has gone before will continue.
I would agree with you though, it is nice to see rail trails and walkways making the outdoors more accessible to many, especially outside of the national parks where access is entirely at the discretion of DOC, whom notably do not disagree with gold mining in the area or even on their land.
It is also nice that their walkways notably go from mining point of interest to mining point of interest, when New Talisman are done, they may well add that one too.
It is folk like you that choose to fight with others instead of accepting that all genres may play in the same sand pit nicely together that define exactly the deterioration in cultural behaviours which BFG astutely outlines.
I think you need to find a way to get over it and move on, if bitching about it on an investor’s website works for you in that regard, then by all means knock yourself out. I genuinely hope it makes you feel better about life.
GoodasGold, your comments are appreciated. I have held shares in NTL, but sold them along with other holdings a few months ago. I also had reason to suspect that what they (NTL management) were telling shareholders was different in at least one operational aspect, to what they would tell potential suppliers. Back then, they were not going to really do anything about preparing for mining itself, until the shareholder money was in the bank. Getting some ore piles processed is surely aimed more at potential investors than research.
Your comments about Newmont are also in line with what I've been told: they have decimated their exploration team in NZ, nothing new is going on, just processing existing finds for the meantime. Antipodes Gold has been forced to take over exploration control of the WKP permit near Waihi, which is quite strange since they owe Newmont a few hundred thousand dollars for their share of completed exploration, and are in negative equity territory.
NTL need to be careful not to expend a lot of precious shareholder capital on mining unprofitably, which is exactly what GEL did in Otago (new name AXG). They'll just get one chance, and it sounds like there is not a lot of gold there in total, 7 jobs worth , you wonder how many shareholders will do well out of that longer term. If they clobber part of the tourism industry at the same time, the local council will need to look past whatever resource consent fees NTL might be paying (all councils rely on those fees for a good part of their income, to reduce the burden on vocal taxpayers).
Well I'm not a shareholder, so here's some helpful independent advice;
You may consider that there are 5 million New Zealander's who benefit from economic diversity and new business growth, multiple industries including gold mining provide financial stability to all, yes absolutley everybody, whether cognisantly aware or not, especially gold mining as it acts as an economic hedge.
There are admirable entrepreneurial people involved in business startup's, smart people with energy, drive and determination, whom unlike you wastrel NIMBY whingers, actually make a difference to the benefit of the whole country, its population and its economy.
As a NIMBY you belong to a spectactually selfish group of people who think the entire world revolves around your own petty personal issues.
I bet you even have a gold ring on your finger and gold components within that laptop you are banging away on, but I bet you also hypocritically just over look that because it's not gold mined by your neighbours.
Instead of sitting at your computer with a poison pen writing hate mail and attempting feebly to justify self centred behaviours, you may actually like to consider being neighbourly and knocking on the door of New Talisman will a box of donuts, you might even make some mates, or maybe even actually come to hold some mutual respect or even influence.
Thanks for your input GAG (lol sorry that's what your acronym comes up as!). Always good to have first hand local knowledge, whether positive or negative, to see how things are going on the ground.
I can commiserate with you re students...
I think it is foolish to ignore the negatives/risks of an operation, especially in the mining sector. Last time I checked this isn't Hot Copper. Knowledge is power, and the more you have the better you can make decisions.
Yeah I agree too, it is a facinating insight Goodasgold that you have provided.
You may appreciate from an outsider’s bird's eye perspective, that it does seem to be like one big family feud in the Karangahape gorge, shotguns across fence lines next ?
You should all really try to find a better way to get along with your neighbours, life’s too short to hold grudges particularly for years on end like that.
The good folk at New Talisman are just trying to earn a living and to feed their kids like the rest of yawl.
I can go along with some of that Mac. I haven't kept up with all the press releases and research into NTL, but I did knock myself out looking into GEL, and let's say that at the end of it all, I was taught a six-figure lesson in prudent investing, which doesn't imply I'm a super-clever investor. A few others lost a lot more than me, at least for the meantime.
The people at NTL would have very little to work with, if not for investor funds. They seem be more sparing with the funds spent each year, and at least the grades inside the mine (veins) are now generally high by international comparison with other mines. They'll need lots of local goodwill, some luck, and to apply a bit of good NZ engineering to get the ore out cheaply enough. That's the kind of story I'd like to see.
To put it simply, we have to get the gold out to pay for the oil to fly the tourists here to see the hole in the ground where the gold came from.:)
Goodasgold who is NTG ? Frankly I have never heard of them.
Also your last statement applies to every company ever formed--that is they are a high court injunction from bankruptcy. Meaningless garbage the way you put it. Are you talking about NTL or this other company NTG? I am confused.
Here is a link to a page from the Hauraki rail trail website. They clearly state that the closure of the windows walk and pumphouse tunnels is not related to NTL. It appears to be a DOC decision to make sure these areas are safe.
http://www.haurakirailtrail.co.nz/in...-to-public.22/
Regards
Brain
A cynical person might see this as an attempt to crash the price to buy cheap shares before the rights record date this Tuesday...
About a month ago I organised a view through the proposed working part of the NTL mine. I had to put on special boots,overalls,a light with a back pack battery and a head gear. As well for the 300 metre walk I was always in the middle with miner of about 30 years experience both in front of me and behind.All in all it did not seem any more dangerious than the windows walk that I have done on three occasions,so I commented on that to these NTL miners. Well it turned out that DOC was running sh t scarred at that point that after PIKE the odd rock could possibly kill someone and my understanding is that had the windows never opened after the PIKE changes they certainly never would be allowed. It would not now supprise me if the windows are only opened in the future at set times and in a guided and protected manner just as I was when in went into the nTL mine. In fact today after PIKE anywhere in NZ these safety requirements must be met.... So if you are intending to get all worked up about loseing the windows might as well get worked up about every other crack in the ground while your at it.
Old mines and new mines now have two significant dates---before and after PIKE
In reply to GoodasGold.
Would you rather they turned a blind eye to something dangerous? Clearly the walks weren't closed because of NTL, but because of NTL engineers doing the public a service in spotting a problem. Would you prefer a Cave Creek situation? Perhaps then you would be blaming NTL for not speaking up.
Think you have stumbled on the truth behind this bombardment madam has unleashed upon us.
An attempt by stealth to influence the punters to NOT take up the rights issue thereby denying NTL the funds to continue.
We shall see if this eclectic smorgasbord continues after the rights issue closes oversubscribed.
GOOD AS GOLD (GAG)........many thanks for your well worded, well constructed and thoughtful contribution. I am a longterm shareholder.......unfortunately. Like you I am obviously not "anti-mining" per say........but there's a place and time. Karangahake Gorge is definitely NOT the place for goldmining in this day and age. It may sound a little "odd" (as a shareholder) but Im hoping in this instance that this venture fails before it even properly gets off the ground. Im more concerned about the environmental impact than a return on my investment.......maybe I should just dump my shares but I have such a longterm association with Heritage (yea right).....well, a bit like your wedding ring I guess. Goldmining is such a backward archaic industry anyway (as you say, taking it out of the ground only to put most of it back in the ground)......but what really concerns me is the fragility and natural beauty of the gorge and its surrounds. We need this sort of industry in this location like we need a hole in the head. Remember also that now most of any financial gains (65%?>>cant remember the figure) will be heading straight off overseas to the Chinese stakeholders. What shameful business structure.....I mean how bizarre is that. I seriously doubt that any profits (if any) will ever get through to us (poor old) long suffering shareholders. I for one wont be holding my breath!
Anyway I hope New Talisman doesnt go down the gurgler (the POG is now well against them) but at the same time I hope they pull out of Karangahake sooner rather than later and concentrate on mining in less fragile and more suitable areas (like the middle of Oz or China for example). A time and place.
....Hi Jonu. I may have that wrong and Im happy to be corrected but I understood a Chinese consortium now holds a large stake in NTL?? Maybe someone else can confirm that. ??
Some of you anti NTL posters are simply just making up garbage and claiming it as fact.
Who are these Chinese that own 65% of NTL??? The books show a holder at 13% from memory and the name sure does not sound Chinese.
As for the fragility and natural beauty of the area I agree totally. I have walked and biked the trails many times and will comtinue to do so for as long as possible.I can not believe you or GSG love nature any more than I do. However I have gone to see NTL and what they intend to do. None of this activity will impact on this beauty any more than any other activity in the area. In fact true natural beauty only exist with total human absents ,so if we are reasonable humans we have to see not only how the other fellow destroys this beauty but how our own actions destroy it.
A prime example is that before I entered the mine I had to cross the road outside the New Tailsman café. It took a few mintues to get across safely as 4 large trucks went by. None of these trucks were NTL,s. So I am to take it that NTL trucks are beauty destroying but no others are. Sorry GAG I just can not go down the one eyed track you are suggesting to remove NTL from this area. NTL must be compared with all other activity--no more no less. I see nothing that will destroy this natural beauty coming from NTL any more than every other human activity.
[QUOTE=digger;511170] "Some of you anti NTL posters are simply just making up garbage and claiming it as fact."
....YOUR'E TALKING TO A SHAREHOLDER DIGGER. Im NOT anti-NTL at all......Im (now) anti-mining-Karangahake Gorge.....and I have every right to do so. (as do all NZers)
No majority Chinese holder as attached
http://www.newtalismangoldmines.co.n...vestor-update/
Convertible notes were issued instead
http://www.newtalismangoldmines.co.n...ffer-accepted/
[QUOTE=GR8DAY;511174]
You have indeed very right to your views,I was just questioning the accuracy of some of the statements made. Where did you get the 65% ownership of NTL by Chinese from. I need this education and if any where near true I will join the GAG crowd ,as the Chinese record with pollution needs cleaning up. Pun intended
Most people find NIMBY’s like you GAG intolerable, you should really take a few minutes to look in the mirror and reflect on why that is so, ask yourself if your behaviours are what you would want your kids to emulate, you should really be welcoming new people and business into a community not throwing rocks at them shouldn't you, here’s what wiki has to say about you;
“Nimby is a pejorative characterization of opposition by residents to a proposal for a new development because it is close to them, often with the connotation that such residents believe that the developments are needed in society but should be further away”
NTL have a resource consent to do what they will do, they have satisfied the legal, safety and environmental requirements required in obtaining one. NZ has the most rigorous process for this in the world and NTL have satisfied that process.
It is not NTL’s intention to in anyway alter the gorge, its scenery or its walkways outside of their immediate mine entrances and stockpile area which will be done with the acceptance and approval of the landowner and caretaker.
The gorge is not in a national park and you NIMBY’s are not the landowner of the mine site.
If that is what you really would like, a national park, then that is what you should be lobbying for, I would have no objection to that, but it is in no way appropriate or morally acceptable in society to harass small companies who are just a group of honest people that just want to go about their business and earn a law abiding living like everyone else.
I think it should be entirely appropriate for companies like NTL to take out civil law suits against people like you for defamation, inciting others if unlawful, and if it comes to it cost recovery for any operational impedance.
Excellent work. Divide and conquer. Make them feel guilty then play the sex card.
But if you think a brothel can ever be a nice clean wholesome operation then by comparison NTL must be squeaky clean.
Do have a lovely day, madam. You are hilarious
Cheers
Miner:)
More like stir up a hornets nest with a bunch of disinformation and then shift the argument each time she is exposed. I won't be bothering to reply to GAG any further. Right from her first posting it felt like a desperate attempt to derail the rights take up. All a bit sad really. I think Digger had a good point about the continuous NTGing. Disingenous from the get-go.
If you are in fact privy to executive level information as you claim and are enticing others to use this information to their advantage then might I be permitted to suggest an investigation into insider trading could be forthcoming.
We are not under parliamentary priviledge here, are we?
Once again
Have a nice day, etc , etc
I think many of these comments in reply are seriously OTT. In my own case, I found it very hard to be convinced that shares that I'd invested in for years, and done serious due diligence over, were in a company that was carefully pulling the wool over my eyes (GEL), along with everyone else. Nothing they could be pinged on, but the reality compared to what shareholders were being told at the time, might have been a few months out. Some stuff, we were never told. I'm sure GoodasGold will be a fair bit better informed than most of us, about the chances for success at the Talisman mine. However looking back, I see there is a suggestion by NTL that up to 2Moz of gold could be left in the area of the mine. Maybe GoodasGold knows that to be very hopeful.
That $150,000 spent on uni students to no avail by NTL could have been used to repair walking tracks and keep them open, and that sort of PR would be invaluable. Everyone knows that DOC is being stripped of funds and employees by the current govt, that won't change for a while. They need all the help they can get.
Look out, boys, she's gone into stereo mode.:)
Press edit post on one of them, delete.
If you want practice at it go do all the rest of your posts.
You cant delete anything but your own posts
Just trying to be helpful:)
Shame to see you go so soon. I was just trying to get some thoughts going. I do not go along with the suiing bit because I do not think it will go that way. What I see is that NTL has been given with a lot of high hurdles to get started. These barriers my be too hard ,time will tell. The biggest part for all others will be the hurdlers set against NTL will remain and others will as a result have to also clean up there act. Note even now the windows are not up to the safety standers that NTL has to meet.And believe me from my previous post the windows are not up to standard for the general public. Do you not wonder in many other regards how many other businesses are not up to the standards set for NTL.
Could you not answer my questions before leaving being so articulate and all.
Strange you use the term Articulate to describe yourself as other say I am as well. But articulate to one is motor mouth to others. It all depends from where the listener is coming from.
Thanks for the kind words, GoodasGold, and leave your posts intact. They will help somebody. When I was starting out in business, I was told by a tutor that the main reason for doing so should be to make good money. Later on, one of my customers listed on an exchange. They said it was their latest effort to raise funds. Note that they didn't say they thought they had such a strong business that they could share it with many others, and everyone would do well. Getting funds is the primary aim at first, and often there are some old bills that need sorting.
Bad luck, nice try
Post 1121 edited at 7.27. Two minutes after mine at 7.25
And your buddy elDorro is actually el Zorro
You would be indeed wise to take note of el Zorro's advice as he is number 8 in the 2014 stock picking contest.
But- wait theres more,:) No, can it be - YES! :eek2:His leading stock is none other than OGC:scared:
Thought that might cheer you up
Noah fence
Miner
Only because I have a limited imagination with shares! Anyway it is a bigger company, that is being a bit smarter.
Here is a link to an article about the Karangahake meeting, if it hasn't been posted. On average, the bulk sampling will have three or four small truck movements a day, plus some smaller service vehicles.
http://www.goldfm.co.nz/general-news...angahake-area/
Blasting is for about 4 m3 per day of sample, one blast only, located about 1.5km inside Karangahake mountain. If the mine was to go to full production later, it would employ 50 people. I guess the traffic would be a bit more noticeable then.
Its actually a goldmine of information, you get these little nuggets of wisdom that you will lose if you were to leave, ore you could stick around and see how it pans out.
Hope the "Windows" upgrade is successful and you find an interested party for the orehouse. Would suggest you keep the doors closed rather than open. Cant have the locals upset with noise levels can we.
Cheers
Miner
...GAG I wouldnt be too concerned about having "wronged" anybody. You may have just ruffled a few feathers of the small minded.....and thats a healthy thing in my opinion. We all need to be challenged in our beliefs and philosophies from time to time and the young need to see there are many different ways to skin a cat. As for talk about defamation claims etc against you......haha clearly you ruffled a bit more than feathers on that person!! ( what utter clap trap from someone who doesnt understand the concept of freedom of speech). All power to you and thanks for your comments above. No need to worry I also wear a GOLD wedding ring so your'e safe on that count!
[QUOTE=GoodasGold;510893]The issue is slightly more complicated than a few greenies getting stroppy. Matthew Hill, the CEO of NTG did an unbelievably stupid thing. NTG engineers reported the Windows Walkway (the most popular DOC walkway in NZ) as unstable to DOC, and this and the Pumphouse Walk are now closed for "inspection".
This member is protect karangahake. Not worth anyone's time.
Resource consents cannot be reversed.
Bye bye Sue get your broomstick and fly away.
GAG.....please check your Private Messages in answer to the above. Gr8day.
No I think getting the code wrong as she does on her protect karangahake page is unlikely to protect her from a suit.
GAG- Don't you get PAID BY A MINER IN THE GORGE FOR MINING RIGHTS? tell us all the truth about your naughty little secret.
Now its getting real interesting:)
Protect Karangahake Facebook page Seems like a rehash of what's been posted here...
Actually I think she should be a little concerned,
NTL or any shareholder of NTL may raise a defamation case, and I’m sure that amongst the hundreds of loyal shareholders there are bound to be a few young lawyers all keen, twitching and eager to add to their reputations, and well probably for no fee.
Here’s exactly how to go about it for those that are interested;
http://www.howtolaw.co/bring-an-acti...amation-392173
Sue gag
What about your naughty little secret. Do you really get paid ....what a joke after all that diatribe here!!!!
Silly to have claimed your words given the above.
Perhaps NTL or shareholders will let you stay on your farm after the lawsuit.
Not sure why the racist slurs. I'm quite partial to the Chinese cuisine myself.
And Gr8 day. Perhaps you might fess up as to your noise or should someone do it for you.
NTL are lawfully just doing what they do with the blessing of the land owner and local councils.
If individuals like you cross the line to defame or incite others to unlawful acts or generally harass small companies then it is you alone that are personally liable and are the only one who should be concerned.
The best advice I can offer you GAG is to reflect on why it is that you should hold so much bitter and twisted resentment for a group of people who are just going about their business.
If you would like to go out and get a bunch of lawyers in an attempt to change the gorge to national park status, I would at least consider supporting you, but your hatred is misdirected and I suspect right now you are just too blind to see what others see, life is really too short to live that way.
interesting but unfortunately incorrect. Just because you defame a person or company doesn't require them to respond. The liability rests with you.
They can act up to the statute of limitations.
MAC life's too short to try and talk sense to gag and the like.
Now back onto this thread.
Great news the health and safety plan is lodged seems such allows mining in 2 months. the hurdles have all been met which is fantastic.
While POG is an issue its smart NTL have run on an assumed 1200 use gold price. Anyone done the math versus recent nzd to usd? as while POG has fallen in real terms the fact NTL get paid in nzd should provide some shelter no? Surely one of the pointier heads here can look at that. My abacus doesn't allow for such.
I lived for four years in a relatively isolated high country town of under 400 folk and understand just how things can become polarised and insular, feudal even sometimes, the world really can seem a smaller place.
I live on a bus route in Christchurch now and my windows rattle quite every time a fully loaded bus goes by, it’s all relative I guess and when you live in the country every noise within a quiet backdrop can seem eventful.
I don’t know if the consent should have been notified or not, I’m not an RMA lawyer, but one should expect the council had valid and fair reasons not to do so. You may question that, but if so then you’re focus and discussion should be with the council not NTL, I’m sure the council would reply to your letter.
District plan and resource consent noise limits are really very low indeed and it takes a big effort for any business on behalf of the community to meet them. It is not in NTL's interests to operate outside the rules they have agreed to.
If there are a few parties with rattley windows due to vibration, or perceived vibration at least, then they should be chatting to NTL over the fence about that. It becomes a matter of amicable interpersonal communication and perhaps even resolution if so required between them and the mine manager.
But, such matters are in no way justification for defamation or harassment are they !
Proactiveinvestors Australia
NEW TALISMAN GOLD MINES
www.newtalismangoldmines.co.nz/
Full New Talisman Gold Mines profile here
New Talisman Gold Mines (ASX: NTL), formerly Heritage Gold NZ, is a mining exploration company with gold projects in the Coromandel region of New Zealand and cobalt and base metal projects near Broken Hill in Australia.
Gold development and production from the Talisman mine in New Zealand.
New Talisman Gold Mines is fast-tracking gold development and production from the Talisman mine in New Zealand.
New Talisman Gold Mines (ASX: NTL, NZX NTL) is a dual-listed (Australian and New Zealand) explorer and gold developer that is fast tracking gold development and production from the Talisman mine.
Recommendation: Speculative Buy 6-9 month target of $0.021 per share
ASX Code: NTL
Share Price: $0.01
52 Week -:
High: $.021
Low: $.006
Issued Ordinary Shares: 565.9M
Options: 8.5M
Cash: NZ$0.33M /A$0.31M Funding of NZ $2.26M / A$2.1M underway
Market Cap: A$5.6M
Enterprise Value: $4.55M
Major Shareholders
Hamish Elliott Brown: 6.6%
HFT Nominees: 5.8%
Top 20: 44.2%
Directors
Managing Director: James Murray McKee
Executive Director: Matthew Geoffrey Hill
Director: Dr. Ian James Pringle
- Talisman is located on the Coromandel Peninsula which is a prolific gold field located at the northern end of the North Island of New Zealand, and currently includes Newmont Mining as operator of the nearby Waihi Mine.
- Talisman produced 1 million high grade ounces of gold and 3 million ounces of silver, and New Talisman has proved up a JORC compliant resource of 205k oz inclusive of a JORC compliant reserve of 28800 oz au.
- Mineralised potential within the talisman permit area has been estimated at 0.55 million to greater than 2 million ounces of gold. Additional silver potential is measured at 1.5 million to 6 million ounces.
- New Talisman Gold Mines is currently completing a rights issue that is raising NZ$2.26 million. This will fund a $1 million bulk sampling programme that is forecast to become cash flow positive within 7 months and will conclude in 17 months.
- Permits have been obtained to annually process up to 10,000 cubic metres of remnant ore and underground bulk samples. An off-site agreement to toll treat this feedstock is expected shortly. The mine is well supported by existing infrastructure including roads and water supply.
- The bulk sampling programme is intended to validate parameters for a Phase One gold production programme focussed on the current JORC compliant reserve of 28,800 oz AU. The full production programme will require funding of NZ$5.4 million.
- Annualised production is forecast to reach 12,115 ounces of gold and 36,000 ounces of silver over an initial mine life of 5 years. Phase Two will is expected to lead to a significant increase in production.
- We forecast a 6-9 month share price target of $0.021 per share on an undiluted basis (see analysis and valuation), and is based on validation of the production model.
- Phase One is expected to commence in 18 months after initiation of bulk mining, and is forecast to generate NZ$68.2 million in revenues and a total cash surplus of NZ$23.4 million, or an annualised 5 year average of NZ$4.64 million. At 4 - 6 times free cash flow this will produce an estimate valuation of $18.6 to $27.9 million or $0.033-$0.059 per share (undiluted).
BACKGROUND
New Talisman Gold Mines Ltd (ASX: NTL, NZX NTL) retains a 100% interest in the Talisman Mine, Rahu Project which is immediately to the north of the Talisman mine and a wholly owned subsidiary known as Coromandel Gold Ltd which holds a significant land position within the Coromandel Peninsula in the North Island of New Zealand. NTL also holds 17.9 million shares in Broken Hill Prospecting Ltd (ASX: BPL) representing a current interest of 20.8% in BPL valued at $0.75 million.
Coromandel PENINSULA IS A SIGNIFICANT GOLD PROVINCE
Alluvial gold was discovered on the Coromandel Peninsula in the 1850’s and was quickly followed by gold production from quartz gold in 1862. Major gold production to the current date includes Thames with 1.4 million ounces, Golden Cross 1.4 million ounces and Waihi which is operated by Newmont with 7.1 million ounces of gold.
Gold mining at Mount Karangahake took place between 1875 to the 1940’s and occasionally until 1992, and reported historic production of gold with silver credits. New Talisman Gold Mines has completed an exploration programme within Mount Karangahake at the 8 Level of the historic Talisman Gold Mine and announced gold reserves and resources developed by New Talisman. Underground production of gold and silver ore is forecast to commence within 6 months.
TALISMAN GOLD MINE –RESOURCE POTENTIAL
New Talisman Gold Mines owns a 100% interest at Mount Karangahake which had historic production of 1 million ounces of gold, and 3 million ounces of silver from two mines, the Talisman and Crown Mines. The vein systems within these two mines extended over a strike length of 1,000 metres and depth of 700 metres.
Both historic mine areas are now held under a single 25 year permit to mine that covers 299 hectares and lies between the towns of Waihi (population 3,900) and Paeroa (4,300) in the Hauraki goldfield.
Historic gold and silver production from various vein systems included:
- Crown / Welcome vein is estimated over a width of 0.6 to 1 metres and produced 366,411 tonnes at an average grade of 15.6 g/t gold and 12.2 g/t silver to yield 351,736 ounces of bullion (combined gold and silver ounces).
- Maria vein is estimated at a width of 1 to 3 metres and produced 687,043 tonnes at an average grade of 27.8 g/t gold and 128.6 g/t silver to yield 3,510,691 ounces of bullion.
- Woodstock Vein produced 49,165 tonnes at an average grade of 15.3 g/t gold and 71.6 g/t silver for 139,767 ounces of bullion.
- Mystery vein was discovered in the late 1980’s and was never mined. The Company has evaluated the Mystery vein on 8 Level and estimated at 1.8 metres in width. Chip sampling over the extent of the vein has assayed at grades exceeding 50g/t Au
The Talisman Mine was mined on 16 Levels and good access is available on 8 Level where the Company has completed refurbishment for extensive channel sampling and drilling. Talisman comprises the Maria, Crown/Welcome and Mystery veins and 8 Level leads into Crown, Mystery Woodstock and Dubbo veins.
Gold resource potential is very extensive and is marked in yellow on Diagram One on Page Two. Geological resource potential is estimated at 0.55 million to +2 million ounces of gold, and 1.65 million to 6 million ounces of silver plus gold and silver in remnant stockpiles.
The Woodstock block is located 160 metres from the 8 Level portal and represents immediate on reef development potential that is also accessible from the 7a Level. The initial resource target is estimated over a strike length of 335 metres and includes an initial target resource of 92,100 tonnes at a grade of 4.7 g/t au for 13,800 ounces of gold.
The Dubbo block is an immediate on reef development that is accessed from the 8 Level portal and possibly from the 9 Level. The initial resource target is estimated over a 204 metre strike length and includes an initial resource target of 23,000 tonnes at a grade of 38.3 g/t au for 26,800 ounces.
The Mystery block is an unmined virgin target that is accessed from the 8 Level portal. The initial resource target is estimated over a strike length of 105 metres and includes an initial resource target of 7,400 tonnes at a grade of 17.7 g/t au for 4,200 ounces of gold. This block has potential to develop into a long life mining opportunity.
The Crown / Welcome blocks represent medium term and long life development potential that is accessed from the 8 Level. The initial resource target is estimated over a combined 335 metre strike length and includes an initial development target of 46,500 tonnes at a grade of 8.8 g/t au for 13,200 ounces of gold.
CURRENT JORC RESOURCES
The current JORC compliant Resource Estimate included:
- Inferred Resource of 507,000 tonnes at 8.5 g/t Au for 139,100 ounces of gold, and 27.2 g/t Ag for 442,800 ounces of silver
- Indicated Resource of 197,690 tonnes at 5.0 g/t Au for 31,660 ounces of gold and 26.5 g/t Ag for 168,140 ounces of silver
- Measured Resource of 212,500 tonnes at 5.0 g/t Au for 34,000 ounces of gold and 27.5 g/t Ag for 187,900 ounces of silver
- Grand total of 917,390 tonnes at 6.9 g/t Au for 204,760 ounces of gold and 27.1 g/t Ag for 798,840 ounces of silver.
JORC RESERVES CONFIRMED IN SEPTEMBER OF 2013 FOR MINING FEASIBILITY STUDIES
In September of 2013 Hatch Goba conducted a gap analysis on the Pre-Feasibility study and found it to comply with the requirements of a Techno-economic study. The company then announced an Ore Reserve for the mine as follows:
- a Probable Reserve of 19,600 tonnes at 8.5 g/t au for 5,400 ounces of gold and 36.9 g/t ag for 23,300 ounces of silver
- Proved Reserves of 62,900 tonnes at 11.6 g/t au for 23,400 ounces of gold and 51.6 g/t ag for 104,500 ounces of silver
- Grand total of 82,500 tonnes at 10.8 g/t au for 28,800 ounces of gold and 48.1 g/t ag for 127,800 ounces of silver (at a cut-off grade of 1.7 g/t au).
ROBUST PRE-FEASIBILITY STUDY COMPLETED IN APRIL OF 2013
In April of 2013 the Company announced the completion of a Pre-Feasibility Study for underground mining at Talisman that confirmed an initial Phase One life of mine of 5 years to generate NZ$68.2 million in revenues to generate a cash surplus of NZ$23.4 million.
Start-up capital to generate this level of revenue was estimated at NZ$5.4 million.
Production from Phase One is forecast to peak at an annualised extraction rate of 35,000 tonnes of ore to produce 12,115 ounces of gold and 36,000 ounces of silver.
Phase One operations incorporate funding for additional resource development that is expected to build into Phase Two operations that will exceed 5 years.
A sub-level stoping method will be deployed to exploit steeply dipping, narrow vein deposits, and allow mining crews to switch between hand-held and long bore-hole drilling techniques. Gold ore reserves located below the 8 Level will be extracted via a trackless mine fleet that will traverse between stopes along a series of small ramps.
Majority of the ore will initially be derived from the Mystery and Dubbo sections.
The Company has completed rehabilitation of the mine access road and hardstand area.
KEY INFRASTRUCTURE
A sealed road leads to within 1 km of the mine site and access to the portal is via a well maintained unformed road. Lines carrying 3 phase power are equipped to the mine site and can be reconnected at minimal cost, service water is available within the mine.
A stable and fit for purpose engineered landfill immediately outside the No 8 portal provides sufficient area for ore transport requirements, engineering infrastructure, offices and stores area.
CURRENT DEVELOPMENTS
The Company has completed initial testing to confirm that Talisman ore does not contain unwanted contaminants and is in discussions with a local treatment facility to process feedstock. Further metallurgical testing is expected to confirm that the feedstock is suitable for the proposed toll treatment process circuit.
The Company currently has cash of NZ$334,745 and maintained a very lean cash burn of NZ$181,523 for the March quarter. The Company is also completing a one for two rights issue to fund development and production from the Talisman Mine.
To prepare for initial mining activity New Talisman Gold Mines has:
- Restructured the board and executive team
- Identified a mining team to carry out bulk sampling and mining activities
- Completed a Pre-Feasibility Study
- Announced a maiden JORC Reserve for gold and silver
- Agreed an access arrangement to the Talisman Mine with the dept of conservation
- Obtained a Resource Consent from Hauraki District Council
- Completed a bulk sampling project plan
- Launched a Health and Safety Management plan.
BULK SAMPLING PROJECT – NEXT 18 MONTHS
The Hauraki District Council granted resource consent and the Department of Conservation granted an access arrangement that allows for trial mining to commence at a rate of approximately 400 tonnes of fresh rock per month. The total tonnage that can be removed from the property is currently set at an annualised rate of 10,000 cubic metres and includes high grade gold stockpiles that can be processed via toll treatment.
These high grade stockpiles carry gold grades that range from less than 1 g/t and up to 10,000 g/t gold. Proceeds from treating the stockpiles will be re-invested into development of the Talisman Mine.
Initial work will entail installation of surface infrastructure that includes compressors and power generation capacity to support underground mining.
This will be followed by mine refurbishment that will include replacement of old supports in existing mine tunnels to allow safe ingress and egress of personnel and machinery into the mine works. Engineering services will then be installed from the mine portal to the working faces that will allow for bulk sampling via drill and blast to take place.
Installation of surface plant, refurbishment of mine tunnels and installation of engineering services to the mine face is expected to take approximately 6 months before the first fresh ore is hauled to the surface.
The projected cash flow model is based on a gold price of US$1,200 per ounce and a C1 cash production cost of US$568 per ounce that includes labour and material to deliver run of mine ore to the surface. Exchange rate is based on NZ$0.80 (currently NZ$0.86).
The cash flow projection allows for a cumulative spend of NZ$1 million over 7 months to bring the Talisman Mine into positive cash flow in the 8th month of operations, and recovery of a total of NZ$1.3 million investment in the 18th month assuming a $1200 gold price.
This does not take into account the value of stockpiles that may provide additional upside if assaying and recoveries are positive.
Once the 18 month bulk sampling phase is completed the Company will then move into Phase One operations that will produce at an annualised rate of 12,115 ounces of gold and 36,000 ounces of silver.
LONG TERM POTENTIAL
Multiple discovery opportunities are available across the entire strike line of 4 kilometres that covers Mount Karangahake, Taukani Hill and Rahu Ridge (see Diagram, One Page Two).
There are a number of untested veins and chutes that run parallel to the Maria and Welcome /Crown vein systems. The newly discovered Mystery vein is indicative of this potential, where assays confirm a vein width of 1.8 metres at a grade of 52 g/t gold.
Broken Hill Prospecting LTD
New Talisman Gold Mines retains a 20.8% interest in ASX listed Broken Hill Prospecting Ltd (ASX: BPL) that owns large pyrite and cobalt deposits that are located beside the Sydney to Adelaide railway link, and 25 kilometres west of Broken Hill.
A Scoping Study has been completed to process 7.5 million tonnes per annum of ore to produce 7,000 tonnes of cobalt per year, and generate significant volumes of sulphuric acid from the pyrite material. This acid could be sold as a building block to make fertiliser or utilised by the mining industry to extract metals from sulphides.
Cobalt is used in rechargeable batteries, environmental technologies and hard metals. LME cobalt is currently priced at US$13.45 per pound after reaching historic highs of US$50 per pound in 2007 to 2008.
COROMANDEL GOLD LTD (CGL)
Coromandel Gold Ltd (CGL) is a wholly owned subsidiary of NTL and has a separate board and management. CGL was established to ensure that exploration of the company’s prospective ground did not distract from the strategic focus on the development of the Talisman mine. CGL owns EP 40-736 Golden Valley that is a broad strip of land that abuts Newmont’s gold operations at Waihi. The Exploration Permit includes geological structures that appear to be analogous to the structures that produce gold in the highly productive Waihi district.
The Company also holds 1,100 hectares that are located 30 kilometres west of Whangarei that is prospective for gold and base metals.
CATALYSTS FOR 2014 AND 2015 – MOVING TO GOLD PRODUCER STATUS
- Completion of current one for two rights issue to raise up to NZ$2.26 million by early June 2014
- Complete metallurgical trial and secure gold and silver process agreement with toll treatment facility
- Retain contractors and mining team to install surface plant, refurbish mine tunnels and bring engineering works to mine faces, 6 months from completion of funding arrangements
- Commence toll treatment on high grade gold stockpiles to drive early cashflows
- Commence extraction of hard rock bulk samples from underground vein systems in 6 months from completion of current funding and continue into 17th month
- Update data from additional underground resource developments through mining IE Mystery developments
- Commence Phase One mining operations in 18th month from completion of current funding
ANALYSIS & VALUATION
New Talisman Gold Mines is currently capitalised at A$5.6 million, of which $0.3 million is cash and $0.75 million is the current market value of the interest in Broken Hill Prospecting, and places an Enterprise Valuation “EV” on the Talisman Gold Mine of $4.55 million or A$22.20 per ounce of JORC compliant gold resource (for 205,000 JORC Inferred Indicated and Measured ounces).
Valuations for small scale developers of higher grade underground gold resources include near term production from Octagonal Resources (ASX: ORS) which is developing the Union Hill Mine at Maldon, Victoria. Union Hill carries at Enterprise Valuation of $6 million for an Inferred JORC Resource of 245,000 ounces of gold for an EV of $24.49 per ounce.
A1 Consolidated (ASX: AYC) is developing the A1 Gold Mine in North Eastern Victoria. A1 is a very near term producer and carries an EV of $16.4 million for Inferred and Indicated Resources of 281,200 ounces of gold at 6.2 g/t gold and an EV of $58.32 per ounce. A1 Consolidated has also arranged to toll treat its ore off-site by an independent third party.
Both of these developers are small scale gold operators with a very similar gold resource base and grade, and represent a very fair comparison with operations that are under development at the Talisman Mine. These operations provide us with an Enterprise Valuation range of $24.49 to $58.32 per JORC resource ounce.
We note that A1 Consolidated, Octagonal Resources and New Talisman Gold Mines have seen share price depreciation over the past 12 months, and represent a peer group that carries extremely depressed valuations at a time when the gold price has shown volatility.
We believe that Talisman has strong potential to develop into a small scale producer based on the current business plan and resource potential. Gold resource EV should approach $58.32 per ounce as applied to A1 Consolidated, and as bulk sampling develops and validates the resource model at Talisman.
This should occur over the next 6-9 months, and we assign an EV of $11.96 million on current resource ounces, or A$0.021 per undiluted (pre-rights issue) share. Further upside will be garnered from an increase in gold resources and reserves, and additional potential upside may flow from an increase in the gold price.
Talisman Gold Mines samples 1.5oz/t gold in New Zealand
Sampling of stockpiled ore from has returned very high grades of gold averaging 1.5 ounces per tonne, setting the foundation for commercial terms on processing ore from New Talisman Gold Mines’ Talisman gold mine in New Zealand.
New Talisman Gold Mines prepares Talisman ore for pilot testing
Sampling and pilot processing of stockpiled ore from the Talisman Mine in New Zealand will allow New Talisman Gold Mines to ascertain the value of its ore and finalise toll treatment arrangements. Previous spot samples had returned average grades greater than an ounce per tonne.
New Talisman Gold Mines granted operational authority
The receipt of authorisation to enter and operate the Talisman gold mine permit in New Zealand puts New Talisman Gold Mines another major step ahead on the road from explorer to producer.
New Talisman Gold Mines on track to commence year-end gold production
First production from New Talisman Gold Mines’ Talisman gold mine in New Zealand remains on track to start by the end of this year. The company has raised $634,069 from its rights issue.
Additional Information
Market: ASX
Sector: General Mining
EPIC: NTL
Latest Price: A$0.012 (0.000%)
52-week High: A$0.013
52-week Low: A$0.006
Market Cap: A$8.01M
Statistically six out of every seven dwarves are not happy.
Hi Ho, hi Ho, it's off to work we go…….
Thanks for posting that bullish, I hadn’t considered using EV before to value NTL just DCF until now.
For the alluvial gold mines in the South it is customary, as I understand, for DOC to take 15 to 20% of recovered gold in compensation for both use of land and for access. Can anyone point me to what NTL have agreed with DOC for New Talisman ?
kind regards, Mac
This dwarf must have been the outlier then
http://www.dailymail.co.uk/news/arti...ves-birth.html
POG seems to have given NTL a bit of a boost today.