NTL - New Talisman Mine - New board & Directors

[cyclist]

Wouldn't that make the cost go down in that case?
More concentrated => fewer tons of ore need to be transported to get the same amount of gold => fewer trucks needed to transport the same amount of gold => transport cost per ounce goes down

I am thinking out loud with this, but yes transport cost per ounce of gold retrieved is less. But I think the overall cost per tonne of concentrated ore containing 100g/tonne is higher as follows:

Normal ore total cost per tonne: Cost to extract one tonne. Plus cost to transport one tonne. Plus a share of the overheads.

Concentrated ore total cost for tonne: Cost to extract several tonnes (definitely a higher cost), Plus concentration costs (extra cost). Plus cost to transport one tonne (same). Plus a share of overheads (maybe higher per tonne, not sure?)

[Jaiden]

I am thinking out loud with this, but yes transport cost per ounce of gold retrieved is less. But I think the overall cost per tonne of concentrated ore containing 100g/tonne is higher as follows:

Normal ore total cost per tonne: Cost to extract one tonne. Plus cost to transport one tonne. Plus a share of the overheads.

Concentrated ore total cost for tonne: Cost to extract several tonnes (definitely a higher cost), Plus concentration costs (extra cost). Plus cost to transport one tonne (same). Plus a share of overheads (maybe higher per tonne, not sure?)

Oh, that makes sense. I'm new to mining industries, so I don't know whether the savings in transport and final refinery costs (less ore / oz = less cost / oz to refine I guess) are enough to cancel out the expense of running the concentrator. At a guess of +/-$100/tonne, assuming $700 would be the cost without a concentratior, gives a +/- to my profit estimates of 9%.

Still a happy camper either way.

[Jaiden]

Quarterly report was released just over half an hour ago:

http://nzx-prod-s7fsd7f98s.s3-websit...602/273711.pdf
http://nzx-prod-s7fsd7f98s.s3-websit...601/273710.pdf

Nothing exciting to me. They did state the 2013 prefeasibility study (using dated concentrations, might I add) providing an EPS of 0.165. An attractive figure, and higher ore concentrations and the acquisition of ore concentrators indicate that it's an under-estimate. Cash in the bank is enough for at least 2 years, but by that time gold will be coming out and cash flows will be the last of our worries.

Seems like everyone must be impatient: ~3.5M sold at 1.6c after the report was released, taking out a large chunk of the bidders. Someone read it very quickly considering 900k was sold 1 minute before the NZX release .

[Stumpynuts]

Quarterly report was released just over half an hour ago:

http://nzx-prod-s7fsd7f98s.s3-websit...602/273711.pdf
http://nzx-prod-s7fsd7f98s.s3-websit...601/273710.pdf

Nothing exciting to me. They did state the 2013 prefeasibility study (using dated concentrations, might I add) providing an EPS of 0.165. An attractive figure, and higher ore concentrations and the acquisition of ore concentrators indicate that it's an under-estimate. Cash in the bank is enough for at least 2 years, but by that time gold will be coming out and cash flows will be the last of our worries.

Seems like everyone must be impatient: ~3.5M sold at 1.6c after the report was released, taking out a large chunk of the bidders. Someone read it very quickly considering 900k was sold 1 minute before the NZX release .

Also - Rahu JV drilling results confirm nothing significant. Drilling deeper within next quarter might throw up some curveballs if they do manage to find a sizeable reserve.

[jonu]

I wasn't expecting anything spectacular from this quarterly. That will come with the updated prefeasibility study, the grade results and the concentrator installation. Still, good progress being made on budget.

I like the bit about the gold bearing ore being stock piled. Instant cashflow once they decide on how they want to treat/sell it

[jonu]

Just had the rest of my order filled at 1.4. Can't believe my luck.

[Jaiden]

Just had the rest of my order filled at 1.4. Can't believe my luck.

I feel like topping up too, but I might wait until next week in case it drops again.

[Clints]

Just had the rest of my order filled at 1.4. Can't believe my luck.

We need some good news soon or this will tank

[Topagent]

Currently trying to move some money around to top up, this is getting back to levels before resource upgrades.

[ddrone]

Currently trying to move some money around to top up, this is getting back to levels before resource upgrades.

It jumped from 0.7 on the original announce, a way to go.