NTL - New Talisman Mine - New board & Directors

I've been watching a lot of Gold Rush: Alaska on Discovery Channel over the last few weeks so I bought a chunk of these last week.

One thing that struck me about the investor presentation is the existing road access (even if it needs to be done up a bit).

I'll keep watching Gold Rush: Alaska for more tidbits of information about gold mining and hoping for good news out of the mine!

Thanks for the info


Road access is enough for trucks from what I could tell. It's just up from the highway. there are trails near there but the mine is securely locked away it seems. Looking forward to seeing the study out.


They have Canaccord who underwrote rights issue and never seem to have trouble finding cash.


@ Robbo Gold mining Alaska is a big step off underground high grade gold mining. Probably closer to GEL than these guys not quite what Sprott asset expected I'm sure!!!


Although the Alaska guys probably have bigger alluvial plants than GEL...lol

.........the bridge across the Ohinemuri will need to be rebuilt first before heavy machinery and trucks can get in and out of there. Possible re-strengthening might do it but it looks pretty ancient to me.....considerable costs could be involved......who's gonna pay for that I wonder?? (Answer= us shareholders!)

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Originally Posted by GR8DAY

.........the bridge across the Ohinemuri will need to be rebuilt first before heavy machinery and trucks can get in and out of there. Possible re-strengthening might do it but it looks pretty ancient to me.....considerable costs could be involved......who's gonna pay for that I wonder?? (Answer= us shareholders!)

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GR8DAY - Im not sure where you get that from. Im pretty sure the trucks and machinery clearing the road and pad didnt fly in......nor were the many houses on the other side of the bridge hand carted in.......

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Originally Posted by bullish

GR8DAY - Im not sure where you get that from. Im pretty sure the trucks and machinery clearing the road and pad didnt fly in......nor were the many houses on the other side of the bridge hand carted in.......

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Hi there BULLISH.....Im thinking it's a very different scenario.......way back when? they probably dragged it out with horse and cart.......1/2 ton at a time? Comparing that to many many truckloads per day with maybe 30/40 ton per load.........hmmmmmm not so sure. Any buzz around Waihi yet concerning this finally getting under way?

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Originally Posted by GR8DAY

Hi there BULLISH.....Im thinking it's a very different scenario.......way back when? they probably dragged it out with horse and cart.......1/2 ton at a time? Comparing that to many many truckloads per day with maybe 30/40 ton per load.........hmmmmmm not so sure. Any buzz around Waihi yet concerning this finally getting under way?

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Hey Gr8

They just finished the upgrades in the last few weeks according to their latest presentation.

The buzz if you would call it that in Waihi all about one mine.....:) and how to hug a tree and kiss a frog.....

..........you'll never talk this one up Moosie.......but good try!! ( we've all heard it before AND for way too long).....time for the talking to stop and the shovels to come out. That cud still be sometime away, but then good things do take time.......yawn.

Gr8 your pretty bearish.....there appears to be movement at the station here. clearly you havent read anything before casting a shot. (evidenced from your thought that the road was upgraded many years ago versus this year!!). Thus the shovels seem to be out.

I tend to agree with the moose...they have shifted to developer and are making good inroads its seems. They jumped 46% in Aus up 10% or so here last week and there they remain....The oppies look like a go but not much out there .....

The prefeas due out this Q will be interesting particularly with Wayne Chowles who is a specialist engineer in gold from my read......Go wayne and New Talisman team get it home...!

Before we all get inundated with enthusiasm I have a link for you to have a look at if you haven't already.It gives you an idea of the amount of work that went on there in the early 1900s and how they went about it. Very interesting read.
The Ohinemuri flooded to the level of the dartboards at the Waikino pub in the early 80s and took out several buildings on the opposite side of the road, dont know if that flooded the mines such as they were but be aware it can get a bit dicey around the Karangahake when it rains heavily.
Disc: Holding NTL just in case.:D
www.ohinemuri.org.nz/journal/43/talisman_mine.htm

.....Yes I remember the flood well Major......lived just down the road for many years. Bullish.....perhaps you havnt been around this stock long enough?...........just prepare yourself for yet another "ask" ( and another dilution) to buy a few more shovels!.......but I hope your right and Im wrong.......HOLDER.

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Originally Posted by GR8DAY

.....Yes I remember the flood well Major......lived just down the road for many years. Bullish.....perhaps you havnt been around this stock long enough?...........just prepare yourself for yet another "ask" ( and another dilution) to buy a few more shovels!.......but I hope your right and Im wrong.......HOLDER.

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Gr8Day

They will raise further I am realistic about the costs to move from explorer to junior develop/producer - as long as they deliver their prefeas showing the costs and options forward thats good progress as it means they are doing what they say.

Give the new guys a chance to get into the saddle. Hasnt been long and they have made great progress. The price is back up to last rights issue add back the oppies and they seem better than issue. I havent seen Canaccord raise on any other juniors here and even in aus not underwritten have you? GEL market cap very high with bugger all resource. These guys have a JORC compliant resource and little market cap.

Major - The targets they have are in level 7 or 8 I think and above where the old timers flying fox took ore down not sure how flood prone up the mountain is. :confused:

DISC : Not holding.....YET.......DYOR

........hey good work BULLISH.......your obviously better informed on this one than I am.....even tho Im a (yawn) HOLDER! Keep us posted m8 with any further info please cos' quite frankly I cant be bothered ( yawn again)!!

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Originally Posted by moosie_900

I have a feeling that seller at 1.3 for the entire day (and at the end of the day, 1.2 to match a bid) is going to be sorry soon. Anyone buying up at 1.4 tomorrow? ;)

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You should ;)

Disc: Not holding.. yet.. love a good mine :t_up:

Cant see much flooding up the mountain if that is where it is all happening - I was meaning more the access roads and bridges being taken out in a severe flood and subsequent loss of production. Also
some parts of the mine are actually below sea level. One wonders how much pumping will be required if any at the proposed levels. Worked in the Coromandel many years ago in the Tairua Forest. The whole place is riddled with mine shafts. I doubt they got everything with hand tools.
Maybe modern mining methods and machinery will make many men millions. :D

Whether it is at NTL remains to be seen.

Sure hope so.

Anyone think there will be a capital raising in the near future? Sorry if its been answered previously - its late (forgive my laziness)