With gold hovering around $1300, a possible JV with a big partner and the extra shares running out soon I'm not surprised that things are looking up :)
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Don't get too excited just yet. Things don't need to "change" because they are already fine. The only thing keeping the SP down is the 1 cent overhang from the recent capital raising, due to expire in Feb.
Let's not forget (http://www.proactiveinvestors.com/co...r-58982.html):
:D:D:D:D:DQuote:
Last month the company delivered a major milestone on its journey from explorer to producer, with the first production of commercial gold from the historical mine site in over 30 years.
A potential re-rating catalyst for New Talisman would include the possibility of more batches of ore being treated with similar grades, and the formal change of conditions relating to the mine lodged mid-year.
Other share price kickers to look out for could be a joint venture, farm-in or ore processing agreement on Rahu with a significant gold producer.
Rahu currently has an Indicated and Inferred Resource of 41,591 gold ounces and 258,419 silver ounces.
Let's not forget that long term there is phase 1 and phase 2 which has been discussed previously.
Phase 1 is what we are seeing now with the surface rock being removed, ore sold and cash reserves being built up for phase 2 which should be to explore mystery vein and dubbo/maria vein.
Phase 2 is where the gold will be at!
It’s not common to find market view in summary form, an interesting suggestion at the end for gold bugs too, or at least those in explorer stocks.
https://www.youtube.com/watch?v=tSgjGSQ8bIE
Century old data to aid Karangahake mine development
A detailed digital model of the Talisman gold mine at Karangahake, based on historical maps dating back more than 100 years, has been presented to New Talisman Gold Mines Ltd (NZX & ASX: NTL).
The data, which include assay and other geological records, take in information on areas previously unknown to the company.
NTL said in its December quarter report it was in the process of finalising an agreement to acquire the data which will provide significant value in mine planning and resource development.
Areas of significant interest were identified and will be further analysed for future mine planning once the data has been acquired.
NTL said it has completed the road survey which will support submission and finalisation of the Traffic Management Plan for the Talisman mine project.
Once approved NTL intends proceeding with road works to facilitate passage by heavy vehicles to transport equipment to the mine site and begin the process of restoring the underground workings.
For the Rahu gold prospect, seen as a potential extension of mineralisation that has been mined at Karangahake, the company lodged an application to extend the area of land of its Mining Permit MMP 51326 at Talisman to include the Rahu exploration permit.
“Extending the area of the Talisman mining permit over Rahu is part of the company’s strategy to ensure the future growth and expansion of the Talisman project.” the company said.
The application was being processed with the company’s geologist providing further details to assist in the evaluation of the resource defined in the application.
“The company has long recognised that the gold mineralised vein system at Talisman extends into Rahu where less erosion has preserved the upper levels of the mineralisation and the likelihood of high grade veins at moderate depth.”
New Talisman said it continued to work closely with a “significant gold producer” and have received a draft joint venture agreement. This assumedly is Newmont Waihi Gold at nearby Waihi which has a gold treatment plant that has tested and processed early stockpiled ore from Talisman.
NTL said following completion of the application process then it will be in a position to update the market on the Rahu joint venture. This process could be complete by March
New Talisman Gold Mines has hit back at detractors saying the company is confident of its application for resource consents.
A statement reveals the consents were sought by the company from Hauraki District Council for exploration and bulk sampling operations and fell within the council's own policy for non-notified applications.
New Talisman Gold Mines say the current project is similar to previous phases of exploration in Karangahake Gorge.
Last week community group Protect Karangahake lodged a claim with the Auckland High Court challenging the granting of resource consents for planned gold mining activity in the gorge.
The group's submission to the High Court claims there was a lack of public consultation and inadequate assessment of how recreation would be affected in the area.
However, New Talisman chief executive Mathew Hill says they intend to vigorously defend the decisions reached by the Hauraki council and its advice from legal counsel on consenting matters.
The company understand the Hauraki council was advised by an independent specialist company on whether the application should be notified or not.
The independent company's report considered that conservation, visual, amenity, recreation, heritage and cultural values would be maintained during the project.
It also considered appropriate measures would be put in place to ensure noise, vibration, hazardous substances and traffic effects would be avoided, remedied or mitigated.
Accordingly it recommended the application be non-notified.
Mathew states the current project is similar in scope to previous phases of exploration undertaken by the company in 2003/2004 and again in 2005/2006.
“The only difference is that in this case ore samples will be removed from the underground workings,” says Mathew.
“Worker numbers, equipment usage and vehicle movements will be very similar to previous operations.
“It's important to note that no adverse effects were reported during either of these previous phases.”
Mathew says the granted consents are for a limited bulk sampling operation restricted to four truck movements plus one single blast per day. They also require no water discharge into the river system.
He adds that New Talisman is not seeking to undertake surface exploration as the company is only operating within the existing underground mine shafts.
Because the operations will be underground and within the footprint of the historic mine, the impact on flora and fauna is minimal, he says.
“The Hauraki District Council and its independent consultant as well as the Department of Conservation recognised this.
“That is why they granted the access agreement and resource consent applying some of the toughest environmental controls in the world.”
New Talisman believes information being supplied to the public by Protect Karangahake misunderstands the scale and nature of the intended bulk sampling and exploration operations.
Mathew says they extended an offer to the founder of Protect Karangahake to meet and explain the scale of its proposed operations.
“Regrettably our offer met with a point blank refusal to meet and an offensive and abusive response,” he explains.
“The request for a judicial review appears to be based on an earlier conceptual prefeasibility plan.
“That plan bears little relation to the limited bulk sampling operation for which consents were sought and granted.”
The Talisman mine has been mined on-and-off over the last 100 years and has been a significant gold producer during that period. New Talisman has held the permit for over 20 years.
Mathew believes from both an environmental and economic perspective, the project is positive for the area.
The company's view is that mining and the community “can work in harmony” and find balance between protecting the environment while providing employment opportunities to the community.
“The benefits from re-establishing exploration activity in the area are potentially significant,” he says.
“Direct economic benefits include the total expenditure of approximately $1.8 million as well as employment for approximately six people with wages and expenditure spent locally as part of general operational business expenses.”
[QUOTE=epithermal;528836]New Talisman Gold Mines has hit back at detractors saying the company is confident of its application for resource consents.
A statement reveals the consents were sought by the company from Hauraki District Council for exploration and bulk sampling operations and fell within the council's own policy for non-notified applications.
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Stoo-pid.
Tell the anti-miners to give up all gold fillings, all of their electronics goods, all their jewellery and anything else containing gold in their possession. The hypocrisy is dumbfounding at times.