NTL - New Talisman Mine - New board & Directors

[Stumpynuts]

Yep, party at Stumpy's, pass it on.

Sure thing!

I'll even invite Bullish if he/she's up for it, snarky comments and all.

[Landyman]

I'll take a Golden Ale thanks

[jonu]

I'll take a Golden Ale thanks

You're late Landy. We're already into the top shelf.

[cammo]

Still... GAFMO. my bedsores have bedsores waiting for this boat to sail. Stoopid bureaucracy we live in, a pyramid of ticket clippers.

[Landyman]

And here we go.....


FOR IMMEDIATE RELEASE

TALISMAN MINE UPDATE

The Board of New Talisman Gold Mines Limited (NTL) is delighted to announce
that it has received formal notification that its application for a Change of
Conditions" COC" to the Talisman Mining permit has been received and is
currently being processed by New Zealand Petroleum and Minerals.
NTL has submitted its application consistent with the terms included in the
Change of Conditions granted in April 2015, for a minor amendment.
As has been announced previously NTL anticipates the lead time from receipt
of all consent to the first removal of ore from Talisman will be 6 months.
During the lead time NTL will install infrastructure including ventilation,
power and water systems as well as complete mine road upgrade prior to
commencement of heavy vehicle movements.
With all necessary consents now complete the company is in the process of
implementing its plans at Talisman.

[Blue Horseshoe]

Really? Two years to get a Traffic Management Plan? Perhaps an updated Milestone Plan would be better to give investors a clearer idea of when they expect to actually start mining.

Ask and you shall receive, woo hoo.

[jonu]

And.....We're off to the races. Get ready for the ride!

[Landyman]

who snapped up the 0.8s - SP down to start they day. Can anyone remember what the market analysis said, something like 1.3-1.4 is fair value? Maybe Im imaging things.

[jonu]

who snapped up the 0.8s - SP down to start they day. Can anyone remember what the market analysis said, something like 1.3-1.4 is fair value? Maybe Im imaging things.

Fair Value dependant on the POG and NZ dollar. POG in NZ dollars has lifted a lot and therefore so has NTL's margins for getting the stuff out of the ground. On top of that is RAHU which is waiting to be unlocked...by the sound of it with Newcrest's help by way of JV. As I said, get ready for the ride.

Discl; Holding plenty (if you hadn't guessed)

[Landyman]

Thanks Jonu.

Discl: Holding plenty too, and way out of the money at the moment.