NTL - New Talisman Mine - New board & Directors

[youngatheart]

Those test results should be out soon as I suspect they didn't want to release them till after the election.

[youngatheart]

Gold Testing
Surely we should have those test results by now? As it's been 2 weeks...

[bucko]

wow so average of 1.5 oz per tonne! just a quick google the world wide gold mine average per tonne is 10 grams....so this is amazing if its throughout the majority of the mine!

(source: http://goldinvestingnews.com/world-class-gold-deposits)

I see this breaking the 1.5c mark today

[robbo24]

There's two things hanging over NTL and the share price right now, in my view:

1. Upcoming need for further capital raising, which will be at a discount as per usual.
2. Gold prices picked to head down to support of $1180US and perhaps even break that to sub $1000.

Number 2 is particularly concerning as NTL's previous guidance is that $1000US is breakeven.

Anyway, the good news is very good news so still a good step.

[bucko]

saying that though if they processes the 70 tonnes with an average grave of 1.5oz thats at least $200k right?

[Stumpynuts]

Phase 2 is where the real gold reserves will be at.

[MAC]

There's two things hanging over NTL and the share price right now, in my view:

1. Upcoming need for further capital raising, which will be at a discount as per usual.
2. Gold prices picked to head down to support of $1180US and perhaps even break that to sub $1000.

Number 2 is particularly concerning as NTL's previous guidance is that $1000US is breakeven.

Anyway, the good news is very good news so still a good step.

One needs to consider also where gold is going as a financial instrument, short term it moves as a commodity and responds to geo political risk, long term it is correlated with bond markets, inversely to the TNX. If the 30 year bull run in US bonds ends during this economic cycle, POG may not be all that pretty for the next several years.

US$1000 during 2016 carries a high probability IMO, though I’m undecided on whether the bull market will break or not at that time, watching though, it may be a pivot point whereby POG will either reverse or continue downward. Interested in the thoughts of others on that one ?

[Landyman]

And the SP has gone...............nowhere

[Minerbarejet]

From July 5th 2013 Report in case you had forgotten

Five strongly mineralised rock specimens, each weighing 250g to 500g, were selected visually from BM37
Bonanza zone ore grade material previously collected from the Talisman mine. Each was assayed at SGS
New Zealand’s Waihi laboratory, to assist a geometallurgical study of the ore. The geometallurgical
specimens yielded the following results:

ROCK..... Au.......Au(R).....Ag.......Ag(R).......Notes:
SAMPLE PPM......PPM......PPM......PPM..........Au gold
BIN 1-6 2130...... -.........3660.....3690........Ag silver
PRA 2-1 882.......885....>4000.......-............(R) repeat analysis
PRA 2-2 300........ -........2540.......-.............PPM parts per million
PRA 4-1 766.......755......2670.......-.............% percent
PRA 4-6 1.02%...1.05%>4000 >4000...........> greater than

PRA 4-6 equals 10500 grams per Tonne
Equals 10500/ c 28grams per ounce = 375 ounces of gold
500,000 a ute load, hmm, not bad.
Assume somebody will be riding shotgun from the mine to Waihi

And the world average is 10g to the tonne?
I know, I know, they are only specimens but still a great indication of the potential.

[Stumpynuts]

From July 5th 2013 Report in case you had forgotten

Five strongly mineralised rock specimens, each weighing 250g to 500g, were selected visually from BM37
Bonanza zone ore grade material previously collected from the Talisman mine. Each was assayed at SGS
New Zealand’s Waihi laboratory, to assist a geometallurgical study of the ore. The geometallurgical
specimens yielded the following results:

ROCK..... Au.......Au(R).....Ag.......Ag(R).......Notes:
SAMPLE PPM......PPM......PPM......PPM..........Au gold
BIN 1-6 2130...... -.........3660.....3690........Ag silver
PRA 2-1 882.......885....>4000.......-............(R) repeat analysis
PRA 2-2 300........ -........2540.......-.............PPM parts per million
PRA 4-1 766.......755......2670.......-.............% percent
PRA 4-6 1.02%...1.05%>4000 >4000...........> greater than

PRA 4-6 equals 10500 grams per Tonne
Equals 10500/ c 28grams per ounce = 375 ounces of gold
500,000 a ute load, hmm, not bad.
Assume somebody will be riding shotgun from the mine to Waihi

And the world average is 10g to the tonne?
I know, I know, they are only specimens but still a great indication of the potential.

Hence why Phase 2 of the mine is where the true value will be at.