NTL - New Talisman Mine - New board & Directors

[Putrimacan]

Exactly. The announcement didn’t tell us anything that they couldn’t have reported 10 days ago. So why didn’t they!

[Mbro]

8.18 gms/ tonne, max. Thats within good to average range for underground. Only agreed by council to allow 20,000 m2 out, & some doubt if that's per year or in total over the two year consent. Say 6gms/ tonne x 40 000 t. Concentrator quadruples that - 24 g, 3/4 an ounce per tonne, 30,000 oz, thats say $30m profit over two years, $15m a year, I guess thats a $150m company if it happened. $150m , 2 billion shares, 7.5c @ 10% yield. If it happens, and is allowed to continue past second year. The gamble continues!

[Mbro]

Anyone know why NTLOA still live quoted? Surely they die on the 29th Nov? There can't be an extension, surely, despite recent commentary?

[Bluemanarc]

I don't think you can fault the positive news that keeps coming back from NTL about progress in the mine itself.

Unfortunately I was a bit asleep at the wheel when it went down to 14-15-16, busy sorting out my property developments (a lot harder and takes a lot more time than flipping).

Or I would have line purchased the shares at those levels.

But I cant keep buying everything when NTL hits those low's or I would end up owning the whole gold mine myself

Ooohhh... now that's an idea.

[Brain]

8.18 gms/ tonne, max. Thats within good to average range for underground. Only agreed by council to allow 20,000 m2 out, & some doubt if that's per year or in total over the two year consent. Say 6gms/ tonne x 40 000 t. Concentrator quadruples that - 24 g, 3/4 an ounce per tonne, 30,000 oz, thats say $30m profit over two years, $15m a year, I guess thats a $150m company if it happened. $150m , 2 billion shares, 7.5c @ 10% yield. If it happens, and is allowed to continue past second year. The gamble continues!

I am certain that that it is 20,000 m3 per annum from all the information that I have read. The density of the rock is about 2.5 tonnes /m3. That would make your above ball park calculated profit $37.5m per annum. Share price of 17.5 c per share at a PE of 10.

I think that the material that they are sampling is rubble left behind from the previous mining operations so I expect the mined grades to be higher.

[carrom74]

There are three sell orders for 50c and $1...Thats "heights of optimism" eh?

[jonu]

Looking like impressive opening volume. Why on earth would you sell sub 2.2? (that being the SPP level) I guess everyone has their own strategies.

[steveb]

Looking like impressive opening volume. Why on earth would you sell sub 2.2? (that being the SPP level) I guess everyone has their own strategies.

I guess if you bought at .014 selling now would net you a cool 30% profit,but I know what you mean why would you sell with tonnes of gold down there!

[Fatboyj]

Well there's. People could be listening to that moose. Silly people.

[jonu]

[QUOTE=Fatboyj;695265]Well there's a well, downramp the stock to oblivion. People could be listening to that moose. Silly people.


I gave up engaging with the Moose as we were talking at cross purposes most of the time. He is a brilliant hindsight trader, I'll give him that.