NTL - New Talisman Mine - New board & Directors

[Dej]

Nicer volume today (all be it pretty much nothing compared to other stocks!)

[Minerbarejet]

try again- anyone going to the meeting in auckland on sept 19th. Expenses can be claimed if you are a trader according to my accountant.

[Dej]

I would go but I will be in Morroco at tgat time. Would be interested to know what is said though!

[elZorro]

mining a year away at best. a bit further away than I thought but that's ok as long as it all stacks up.

on the market, some big buyers lined up at 1 and 1.1 cents. I'm pretty bearish on gold near term until we find out about QE next month. but the cost is so low for C1 I can't see it mattering too much.

Hi Moosie, I should correct my previous post - while mining of maiden ore is projected further into 2014, the ore piles still around the mine and maybe some they'll remove while opening up the mine again, will be processed somewhere in Q1 of 2014. From the annual report:

LOOKING AHEAD
It is an exciting year ahead for New Talisman with its core project heading
toward development and production. A Feasibility study has been
initiated on the Talisman Mine, which will provide both financing and
treatment options. The Board is enthused by the results of Pre-Feasibility
studies, which are currently under independent review by Hatch, a global
mining engineering company. With the first ore expected to be mined
by Q1 2014 and processing options currently being investigated, the
company is on path for maiden gold production in Q3 2014.

The annual report says elsewhere that mine processing plant design will make up a big part of the work in the feasibility study. Looks like they see no major issues with getting the ore out from the mine areas. So within 6 months, the company should have some inwards cashflow from operations.

They still have cash in the bank, and from what I can see, good average grades for underground. Once those are being mined I can't see the MCap staying at about NZ$5mill. It'll be interesting to see how quickly the shareprice responds once there is news on gold cashflow. Maybe it's a good time to accumulate.

[Minerbarejet]

jeez, its dark in here

[Minerbarejet]

it sure is. one of the very few underrated NZX stocks left. its languished for so long I guess everyone just ignores it and is going to play it conservatively. once that cash starts flowing and were in profit its nowhere but up. waiting patiently for 2014

Too right Moosie. All going well should augment PEB quite nicely. Going to the AGM?- I am - mainly for the experience and to try out my new hearing aid
in a meeting environment. Usually cant hear a damn thing in places like that.

[Dej]

Too right Moosie. All going well should augment PEB quite nicely. Going to the AGM?- I am - mainly for the experience and to try out my new hearing aid
in a meeting environment. Usually cant hear a damn thing in places like that.

PEB you say? Where is the AGM being held?

[Dej]

jeez, its dark in here

Are you stuck in the mine major, trying to sneak some gold out??

[Minerbarejet]

nah, just moved over here to get away from all the finer points of PEB and the fallout from the AGM. Will you be back for the NTL AGM 19th Sept. Hows Morocco?

[Dej]

nah, just moved over here to get away from all the finer points of PEB and the fallout from the AGM. Will you be back for the NTL AGM 19th Sept. Hows Morocco?

I am leaving for morocco on the 1st of september (nothing like 24 hours of flying) and will be back 3 weeks later, so will miss this meeting but will definitely be at the next! I hope, one day, they let the share holders have a look through the mine or even just at the surface operations (obviously not many at the moment) would be very interesting!!

Will keep you all updated on my travels Like baller said, I love this forum too!!