Exactly. The announcement didn’t tell us anything that they couldn’t have reported 10 days ago. So why didn’t they!
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Exactly. The announcement didn’t tell us anything that they couldn’t have reported 10 days ago. So why didn’t they!
8.18 gms/ tonne, max. Thats within good to average range for underground. Only agreed by council to allow 20,000 m2 out, & some doubt if that's per year or in total over the two year consent. Say 6gms/ tonne x 40 000 t. Concentrator quadruples that - 24 g, 3/4 an ounce per tonne, 30,000 oz, thats say $30m profit over two years, $15m a year, I guess thats a $150m company if it happened. $150m , 2 billion shares, 7.5c @ 10% yield. If it happens, and is allowed to continue past second year. The gamble continues!
Anyone know why NTLOA still live quoted? Surely they die on the 29th Nov? There can't be an extension, surely, despite recent commentary?
I don't think you can fault the positive news that keeps coming back from NTL about progress in the mine itself.
Unfortunately I was a bit asleep at the wheel when it went down to 14-15-16, busy sorting out my property developments (a lot harder and takes a lot more time than flipping).
Or I would have line purchased the shares at those levels.
But I cant keep buying everything when NTL hits those low's or I would end up owning the whole gold mine myself :)
Ooohhh... now that's an idea.
I am certain that that it is 20,000 m3 per annum from all the information that I have read. The density of the rock is about 2.5 tonnes /m3. That would make your above ball park calculated profit $37.5m per annum. Share price of 17.5 c per share at a PE of 10.
I think that the material that they are sampling is rubble left behind from the previous mining operations so I expect the mined grades to be higher.
There are three sell orders for 50c and $1...Thats "heights of optimism" eh?
Looking like impressive opening volume. Why on earth would you sell sub 2.2? (that being the SPP level) I guess everyone has their own strategies.
Well there's. People could be listening to that moose. Silly people.
[QUOTE=Fatboyj;695265]Well there's a well, downramp the stock to oblivion. People could be listening to that moose. Silly people.
I gave up engaging with the Moose as we were talking at cross purposes most of the time. He is a brilliant hindsight trader, I'll give him that.