30 days to get cashflow neutral - need that signoff to operate.
From a different perspective, you could argue already neutral, given past CRs and Mr Browns generous (for him or NTL??) offerings.
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30 days to get cashflow neutral - need that signoff to operate.
From a different perspective, you could argue already neutral, given past CRs and Mr Browns generous (for him or NTL??) offerings.
I was hoping 2023 would be the year - maybe 2024 is a lucky number? From memory, cash reserves will hold them for 6mths. I suspect Jonu doesnt want to get on the CR bandwagon, but its going to be tight.
While things have been quiet - perhaps those endangered tame snails & centipedes down the mine have been
getting trained up to do all the heavy work while the gates are closed and in hours of darkness ? ;)
A relatively cheap to sustain option, no OSH or other cumbersome red tape and if all goes to plan
then piles of gold stuff just appear outside at the desired production collection point no questions asked :)
I'm back in smalls.
Was hoping for around 1.8c where I got in last time but have bit the bullet at 2c as I reckon they can't be far away now from some news on production.
That combined with the gold price going for a run, I think it's unlikely to see those prior levels again as long as management deliver. Big question I know.
And my investment isn't about necessarily backing the management or that this is a big okay because it's not, however it would take very little in regards a move towards production to double the share price or more.
The margins at the current NZD gold price should be very lucrative without having material Capex.
Speccy for sure & time only will tell & hopefully the company's communication improves & they report in plain English where things are at, rather than the speculative statements in the past that cause all sorts of conjecture.
Good luck to all holders. Especially those long suffering ones.
Tbh there's not much to lose or downside imo.
No debt for Capex to be repaid. There is gold there, but how much who knows, but it should be high grade.
The way they will be extracting it should make it even higher grade per ton of ore & if the can produce a 65% concentrate underground as they have suggest & ship it off for toll treatment even to Australia, it should still make very good money per ounce.
Even if they only produce 2,000 toz p.a. that should provide an operating surplus of around $3.5 - $4M, if they can up that to 5,000 ounces then their operating surplus would be the equivalent of their market cap.
Considering their history though, I can understand your concerns whatsup.
Definitely a speccy, mind you when you are looking for 100% plus type returns, they typically are
Must still be time to nab a couple of sneaky Aussie multibaggers then come back to NTL ? ;)
When an application is granted, the time that may elapse before the granting of theAuthority to Enter and Operate is largely driven by the applicant and will depend on anumber of factors such as the work programme, ensuring the lodgement of the bond andinsurances, and the payment of any compensation and cost recovery for the processing ofthe application.
p12 of https://www.doc.govt.nz/Documents/ab...ation-land.pdf