Originally Posted by
Flugenbear
At the moment it looks like expenses are drastically reduced from last year. Let's say in the coming year they will be about 150,000 a month. The bulk sampling will produce about 180 ounces a month, so approximately 450,000 a month. We don't know what the additional cost of the ore processing will be, hopefully that will be announced if and when the processing route is confirmed. Either way, there won't be a lot of cash left over to do anything meaningful, but it might be the life vest NTL need to stay afloat. So ore processing and kicking off the bulk sampling have to happen soon. Then they have two years to get the consent and raise the money to do proper mining. Talisman deeps needs at least 25 million. So these are major hurdles, and the fact the board have decided to look at a hobby mine and another project in Vanuatu just don't instill me with any confidence gold will be mined in any meaningful way at Talisman any time soon, or ever. Hopefully I'll be proven wrong.