NTL - New Talisman Mine - New board & Directors

**haewai** · 20-09-2018, 01:49 PM

Originally Posted by blackcap

Though from intial calcs they are allowed to mine 20,000 cubic metres a year. If that is say 40,000 tonnes of ore and at 24g per tonne that works out to 960,000 grams of gold or 30,950 ounces, that would be revenue of $55,245,750 per annum. Happy days.

More happy: "Should the Mystery prove to be as extensive as postulated it may prove to be similar to the Maria Vein, themain vein exploited at the historical Talisman Mine and from which more than 3 million ounces of bullionwas produced over the mines 23-year life."
http://nzx-prod-s7fsd7f98s.s3-websit...144/287114.pdf

**Bluemanarc** · 20-09-2018, 01:54 PM

They looked pretty chummy at the AGM.
Relief in their faces that finally after overcoming all hurdles, they were going to be underway.
But always making comments about the unknowns, honest answers such as "we just don't know".
Well we are going to find out aren't we.

**steveb** · 20-09-2018, 02:51 PM

well all I can say is well done to Mathew Hill and his team.Good perseverance and belief in the project.

**Bluemanarc** · 20-09-2018, 03:14 PM

The news is spreading, and sellers are running for the hills, will be time again for that famous quote from someone on here.

"We have broken through the throne room and are into the treasure chamber" - something like that ?

**blackcap** · 20-09-2018, 04:57 PM

I see the smart money is using this to exit at 1.7 and 1.6 on the NZX and 1.5 on the ASX. Rinse and repeat.

**Brain** · 20-09-2018, 05:23 PM

Ended the day at 1.7 and the aussies not quite so enthusiastic at 1.5 converting to 1.64. All good.
I will hang on to see what happens. Hopefully in time shareholders will get the rewards that they deserve. Rewards that justify the significant risk that they have taken.

**dubya** · 20-09-2018, 05:39 PM

Originally Posted by blackcap

I see the smart money is using this to exit at 1.7 and 1.6 on the NZX and 1.5 on the ASX. Rinse and repeat.

Yep. Just more of the same.

Sold the last few I had @ 1.7 and am happy to be gone.

**mfd** · 20-09-2018, 06:38 PM

Originally Posted by Brain

I think it is still a long way off before they start to mine in bulk. There have been no recent comments about toll treatment. The pilot plant only processes 90kg/hr so around about a tonne per day.

Just wondering where the 90kg/hr stat has come from, I've not been able to find it in recent reports? I do note from the last annual report "It is expected that the plant will be modular and scalable allowing components to beadded as production volumes increase."