So is NTLs NTA 0.59cents, $0.59 or $0.0059???
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So is NTLs NTA 0.59cents, $0.59 or $0.0059???
Am curious as BGI had a trading halt put on it for stating NTA in cents and not $ and this could mean that people are buying shares at 0.6c thinking that NTA it is 59c when perhaps it's really $0.0059... and ASB lists NTA as 0.59...
The latest annual report still talks about it (see below) and quotes 800g of Au/tonne concentrate not 80g of Au/tonne concentrate. From this I understand the 20g Au/tonne of ore concentrates to 1/40th of it's original weight which is much easier to transport etc..
This plan was outlined to shareholders at the
2019 AGM. This planning was complete in the
first quarter of the financial year while at the
same time the pilot plant was consented and
commenced processing high grade ore into a
concentrate which graded at 800g/t Au
From my AGM notes in 2017: Prior to the meeting one of the geologists said that Gold is the priority to recover but the silver ratio to gold is 4 to 1. They may only recover 2/3 of the silver (ratio will come out with the final plan)
From memory (so could be wrong)... Charbel Nader mentioned that they need the JORC and the final mining plan to be able to get a bank loan. It would be worth asking at the next AGM.
sorry I didn’t see anywhere in you post talk about revenue. As for a “saleable product” I’d happily buy all they have produced! The pilot plant produces and product that could be sold but you have assumed it was a production plant, that it it not. They did talk about the pilot plant being able to be up scaled to produce more but decided that would be a waste of our funds. You are reading and stating only what you you want to. Playing with words and I don’t believe you are being honest or your intentions don’t add up.
Someone's keen this morning....
Offers at 0.007 just about gone on just over $210k...
Is something finally going to happen...??
I hope whoever bought the 30mil didn't think the NTA was $0.59c a share