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  1. #1
    Legend
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    Default NTL - New Talisman Gold Mines - worth a look

    With the old guard gone from Heritage Gold, and a new ticker for the compacted company interests, I carried out a bit of research a while back and bought some NTL shares.

    The main asset for this company is reflected in the name, it's the old Talisman Mine near Waikino. It's not far from Waihi, but the amount of gold at Talisman is not likely to interest Newmont directly. The very rich grades have been mined out apart from one or two newer seams, but of course gold is worth a lot more now. A boutique miner can still do well here I think.

    When I started buying shares in Glass Earth, the two companies had about an even Mcap. Not any more, so is NTL a bargain at the moment? Is it a takeover target?

    I'm most intrigued that the massive stamper batteries at Waikino were fed from rectangular shafts cut into the hillside at Talisman. The proposal is to use a miniature monorail with specialised carriages to get into the hillside again without a great deal of effort, and bring the good quality ore out with minimal labour. From there it could be processed a little to concentrate it, and then trucked just a few km to the mill at Waihi (assuming Newmont have spare capacity and would entertain this). Not many vehicle movements a day would be required, and there is even a railway for most of the distance, which could perhaps be of use.

    All of the area around Talisman was held for a while by Glass Earth Gold, then they relinquished it and Rennison Consolidated (Australian company) took over the permits and more besides. But this company is a real minnow and appears short of cash.

    I might be well off target here, but wondered what other shareholders think. A long term investment, perhaps. They deserve a new thread anyway.

  2. #2
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    Question, elZorro - do you actually make any gains with the likes of GEL?

    Maybe you should spend time on some stocks which actually deliver increased shareholders' wealth?

  3. #3
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    Quote Originally Posted by Balance View Post
    Question, elZorro - do you actually make any gains with the likes of GEL?

    Maybe you should spend time on some stocks which actually deliver increased shareholders' wealth?
    It's probably not a good idea to add NTL onto GEL as your main holding, I admit. The fact is that I nearly convinced myself that GEL was going to take out NTL, until the Neavesville permit area was worked on by GEL instead. It's curious that for the sort of money GEL might have to cough up for Neavesville, they could instead buy NTL outright, several times over. I had a good look at background data, and as far as the web is concerned, the Talisman mine didn't look too shabby. But I'm not a geologist.

    Junior miners can do nothing or go backwards for years, then keel over. But a few do spectacularly well, and sometimes it just needs the right timing and some capital. NTL is certainly at a changeover point, as I say it's worth keeping an eye on.

  4. #4
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    Good to see there has been a recent substantial holder purchase of 5 million shares, which if you allow for the absence of attached options, is at the same price as the recent capital raising. One hopes the NY will see some big steps being made in soon becoming a gold producer.

    Quote Originally Posted by elZorro View Post
    With the old guard gone from Heritage Gold, and a new ticker for the compacted company interests, I carried out a bit of research a while back and bought some NTL shares.

    The main asset for this company is reflected in the name, it's the old Talisman Mine near Waikino. It's not far from Waihi, but the amount of gold at Talisman is not likely to interest Newmont directly. The very rich grades have been mined out apart from one or two newer seams, but of course gold is worth a lot more now. A boutique miner can still do well here I think.

    When I started buying shares in Glass Earth, the two companies had about an even Mcap. Not any more, so is NTL a bargain at the moment? Is it a takeover target?

    I'm most intrigued that the massive stamper batteries at Waikino were fed from rectangular shafts cut into the hillside at Talisman. The proposal is to use a miniature monorail with specialised carriages to get into the hillside again without a great deal of effort, and bring the good quality ore out with minimal labour. From there it could be processed a little to concentrate it, and then trucked just a few km to the mill at Waihi (assuming Newmont have spare capacity and would entertain this). Not many vehicle movements a day would be required, and there is even a railway for most of the distance, which could perhaps be of use.

    All of the area around Talisman was held for a while by Glass Earth Gold, then they relinquished it and Rennison Consolidated (Australian company) took over the permits and more besides. But this company is a real minnow and appears short of cash.

    I might be well off target here, but wondered what other shareholders think. A long term investment, perhaps. They deserve a new thread anyway.

  5. #5
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    Quote Originally Posted by Paint it Black View Post
    Good to see there has been a recent substantial holder purchase of 5 million shares, which if you allow for the absence of attached options, is at the same price as the recent capital raising. One hopes the NY will see some big steps being made in soon becoming a gold producer.
    Good to see an experienced mining engineer Wayne Chowles has now been appointed to get the Talisman project moving. Good luck Wayne.

  6. #6
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    Well this is the best piece of info I've seen from HGD / HTM/ NTL incarnations over the last decade...

    http://www.newtalismangoldmines.co.n...ion_240113.pdf

    Released today.

  7. #7
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    Quote Originally Posted by mistymountain View Post
    Well this is the best piece of info I've seen from HGD / HTM/ NTL incarnations over the last decade...

    http://www.newtalismangoldmines.co.n...ion_240113.pdf

    Released today.
    It does look good Mistymountain, I hadn't dug up the report yesterday. It might be too early for them to go into detail about how they'll bring the ore out, and who is going to treat it. I don't think these issues are impossible, and they already have some high-grade ore stockpiles. I guess they can't be very big, but it's a start. There has to be a lot of new technology they can use to make a mine like this work. The comparison table against other explorers and developers points out their low Mcap. Elsewhere they imply that if all goes well, there could be 2Moz in the ground at Talisman. That's a completely different story.

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    NTL may be going to do what HGD thought they might do for 20 years but just never got around to it. Lets hope NTL have a bit more aggressive go forward.

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    Quote Originally Posted by GRIFFIN View Post
    NTL may be going to do what HGD thought they might do for 20 years but just never got around to it. Lets hope NTL have a bit more aggressive go forward.
    I hope so too, Griffin. Still holding and wondering whether to buy more.

    This from NZResources today, no extra data from the look of it.

    New Talisman gets the development ball rolling

    Ross Louthean — 25 January 2013
    Roadworks and mine access to the old Talisman gold mine at Karangahake have now been completed as a prelude to re-establshing gold-silver mining on the site near Waihi.
    An investor brief by New Talisman Gold Mines Ltd (ASX & NZX: NTL) yesterday said the company had recently completed a rights issue that raised $NZ1.5 million and now had in place an experienced mine management team.
    Executive director Matthew Hill said a pre-feasibilty underway on Talisman was on track for completion in the current quarter.
    Hill said the defined resources at the Talisman were a contained 205,000 ounces of gold and 800,000 oz silver and the high grade zones took in 917,390 tonnes grading 6.94 grams/tonne gold and 27.1 g/t silver.
    He said the company would apply any early cash flow from the mine to ongoing resource definition and development.
    The business plan for this year would involve bulk sampling and a blueprint to fast-track production and define short-term priority mining targets.
    The company considered the geological potential of Talisman was between 55,000t to 2 M oz Au and between 1.65-6 M oz Ag.
    Matthew Hill said there was very good infrastructure at Karangahake – power, a container port 80 kilometres away via a State highway, sealed roads, water and two large towns within 15 km.
    Beyond the scope at the historic Talisman mine there was scope to expand operations to the nearby targets of Taukani Hill and Rahu.
    The significance of the container port might be that they intend to ship out concentrate gold/silver ore. Maybe milling/crushing/recovery treatment at Waihi Gold (Newmont) is not going to be available at any sensible price. OGC did just that for the copper-gold Philippines project (Didipio). That would be good news for shareholders medium term: a lot cheaper to set up.

  10. #10
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    elZorro, yes you may well be right in that statement and as for buying more i reckon at the current price grab some and sit tight. My thoughts are that the new leadership are going to have a serious crack this time around, i hope so anyway as I'm also holding .

  11. #11
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    Quote Originally Posted by moosie_900 View Post
    Anyone else watching this? Seems cheap when compared with other gold company's (see latest NZX release comparinf Enterprise value and ore grade) with the latest round of propaganda tour. Only drawback seems to be very illiquid, but it is trading below its latest fund raising price and that 1.2 cent ceiling would be easy to take out...

    Someone have a take on this?
    The Aussie sell price seems to be a lot higher by comparison, but no-one's testing it. It is still a very low MCap as you say. Why did they bring out this presentation? Could be some other news due soon, or it's for fundraising.

  12. #12
    percy
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    Quote Originally Posted by elZorro View Post
    The Aussie sell price seems to be a lot higher by comparison, but no-one's testing it. It is still a very low MCap as you say. Why did they bring out this presentation? Could be some other news due soon, or it's for fundraising.
    I suppose it depends on what they are paying themselves and staff but $1.2 or was it $1.4mil willn't go too far.

  13. #13
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    Here's a bit from DOC about the Victoria Battery at Waikino. It was huge, the biggest in the country by far, but its main job was processing ore from Martha Hill in Waihi, not nearby Talisman.

    http://www.doc.govt.nz/documents/con...ttery-site.pdf

    There were also the Crown, Talisman and the Woodstock stamper batteries nearby. The Talisman had 50 stampers, some on each side of the river. http://www.doc.govt.nz/documents/par...e-brochure.pdf
    Last edited by elZorro; 28-01-2013 at 08:57 PM.

  14. #14
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    Some action at last, and interested investors or partners looking around.
    New Talisman begins sprucing up Talisman lease

    Ross Louthean — 4 February 2013
    The long-held Talisman gold project at Karangahake near Waihi is being spruced up as studies leading to a mining revival at the historic centre gets underway.
    Owner New Talisman Gold Mines Ltd (ASX & NZX: NTL) says in its December quarter report that the upgrading of roads and mine surface access at Talisman has begun and that it expects to have a pre-feasibility study by the end of March.
    New Talisman is considering candidates to assist with the next stage of the company’s development for appointment to its board.
    “A number of high calibre candidates are currently being reviewed,” the company said.
    A number of investor groups indicated interest in Talisman and discussions with these groups “are continuing.”
    Following the appointment of Wayne Chowles as principal mining engineer in December a survey of the mine was undertaken to seek further levels within the historic mine for accessing the various identified ore bodies.
    New Talisman said initial scoping identified high-grade mined ore and previously bulk sampled material available for test-work to assist developing metallurgical treatment options.
    “The prefeasibility study will identify the sequence for each mineable resource for removal from the initial Woodstock target through to the bonanza grade Dubbo vein which can be accessed via existing workings,” the report said.
    “The mine will be a low-impact, high-grade, small-scale gold and silver mine utilising best practice methods for sustainable development.”
    Meanwhile, unlisted subsidiary Coromandel Gold Ltd holds the granted licence EP 53706 through its subsidiary Northland Minerals Ltd, west of Whangarei and covering 1,188 hectares of private land and conservation land.
    The licence is prospective for gold and copper. A literature research is being undertaken on the exploration and mining history of the area to aid exploration planning.

  15. #15
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    Quote Originally Posted by moosie_900 View Post
    Wonder who the "high-calibre" investors are? Don't think Ross Asset Management would be into something this risky. If they did though, price would get a major boost just like with BFW. Interesting, seems like the activity is finally going somewhere. We may never see 1.2 again hopefully!
    Since Talisman already has a good network of tunnels, it shouldn't take too much capital to set it up. This sort of rework, triggered by the higher gold prices, is going on all around the world. In real terms, the gold is possibly worth 2-3 times what it was when mining was stopped in the past. So a big change in the Aussie price today, onwards and upwards..

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