NTL - New Talisman Mine - New board & Directors

[Antipodean]

If you don't believe NTL is ever going to get into full production mode then you would be crazy to invest even if they were $0.001 NZD.

However - If you do believe it is possible, then it is worth looking at some numbers. Market cap is currently ~$31m NZD and cash at end of period 31/03/2018 is $4.8m NZD.

Market update 22/03/2018 advised that "94% and 93.6% gold is recoverable..."
Market update 05/09/2017 advised total JORC 2012 resources reached 427,600 Au equivalent.
Gold spot price in USD/ounce is about $1,300 at the moment
Very fuzzy now... last official NTL announcement I could find for production costs was in the annual report 2016 at $568 USD per ounce for bulk sampling project. Lets up that to $700 USD per ounce.

427,600 * .9 (recovery estimate conservative 90%) * 600 (difference in USD ounce Au production and spot costs) = $231m USD. 1.43 USD to NZD rate = $330m NZD.

Now I wouldn't count on any of the above for a truly accurate estimate of cashflow - I'm just a monkey with a keyboard and a few very spread out reports. It just illustrates there is a huge amount of value there waiting to be extracted and sold.

[jonu]

If you don't believe NTL is ever going to get into full production mode then you would be crazy to invest even if they were $0.001 NZD.

However - If you do believe it is possible, then it is worth looking at some numbers. Market cap is currently ~$31m NZD and cash at end of period 31/03/2018 is $4.8m NZD.

Market update 22/03/2018 advised that "94% and 93.6% gold is recoverable..."
Market update 05/09/2017 advised total JORC 2012 resources reached 427,600 Au equivalent.
Gold spot price in USD/ounce is about $1,300 at the moment
Very fuzzy now... last official NTL announcement I could find for production costs was in the annual report 2016 at $568 USD per ounce for bulk sampling project. Lets up that to $700 USD per ounce.

427,600 * .9 (recovery estimate conservative 90%) * 600 (difference in USD ounce Au production and spot costs) = $231m USD. 1.43 USD to NZD rate = $330m NZD.

Now I wouldn't count on any of the above for a truly accurate estimate of cashflow - I'm just a monkey with a keyboard and a few very spread out reports. It just illustrates there is a huge amount of value there waiting to be extracted and sold.

At last someone else doing the maths! Don't forget the silver which becomes the ****** lining. See what I did there?

[Jaiden]

If you don't believe NTL is ever going to get into full production mode then you would be crazy to invest even if they were $0.001 NZD.

However - If you do believe it is possible, then it is worth looking at some numbers. Market cap is currently ~$31m NZD and cash at end of period 31/03/2018 is $4.8m NZD.

Market update 22/03/2018 advised that "94% and 93.6% gold is recoverable..."
Market update 05/09/2017 advised total JORC 2012 resources reached 427,600 Au equivalent.
Gold spot price in USD/ounce is about $1,300 at the moment
Very fuzzy now... last official NTL announcement I could find for production costs was in the annual report 2016 at $568 USD per ounce for bulk sampling project. Lets up that to $700 USD per ounce.

427,600 * .9 (recovery estimate conservative 90%) * 600 (difference in USD ounce Au production and spot costs) = $231m USD. 1.43 USD to NZD rate = $330m NZD.

Now I wouldn't count on any of the above for a truly accurate estimate of cashflow - I'm just a monkey with a keyboard and a few very spread out reports. It just illustrates there is a huge amount of value there waiting to be extracted and sold.

Half-year back in december quoted more than 469,000 oz. with 300-600k more to come according to the 05/09/2017.

Also being a keyboard monkey with a calculator here.

Taking your conservative figure of 330m and assuming NTL will get all of that out of the mine before their mining permit expires in about 25 years means an average of 13.2m per year. This means that once the plant is fully up and running, the forward PE ratio at the current market price would be 2.4. The top gold mining stocks normally have a forward PE of 20-40. just based on that, we have a future share price of ~+1000% in value.

Crux there is the assumption that NTL can get the gold out in that timespan.
Half-year quotes 950,500 tonnes, so that would be mining and processing 38,020 tonnes of raw orebody per year.
I'm new to the mining industry, so I haven't the foggiest as to whether that is possible or downright outrageous.

[Miway]

If gold starts coming out of those hills in the next 12 to 24 mths, this could be money for Jam
Disc: Hold small parcel which could evolve into a big parcel

[Bluemanarc]

The company thought 2.2c was a great discount to the then 2.8c SP and they had options you could also take up at 5.5c
Their calc's must show a value above 6c a few years down the track.
I am still thinking, sell half of mine when they get to 9c and keep the rest and see how far they go.

[emveha]

Others believe in gold... No mention of "green mining" there. http://www.mining.com/russias-polyus...new-gold-mine/

[ziggy415]

And there happy with an average of 2.0 g/t of gold...waaaaay under the average of new talisman

[Brain]

And NTL is very close to production with a 30M$ Cap

[Bluemanarc]

Whilst SP hasn't changed much, the board of buyers and sellers is certainly looking a lot more optimistic.
Not many people wanting to sell up to 2.1c
I wonder if something is going on behind the scenes.
Is their an announcement due or something.

I did a bit more DD and looked at the top 20 shareholders for NTL, some quite interesting groups in there.

[steveb]

[QUOTE=Bluemanarc;718320]Whilst SP hasn't changed much, the board of buyers and sellers is certainly looking a lot more optimistic.
Not many people wanting to sell up to 2.1c
I wonder if something is going on behind the scenes.
Is their an announcement due or something.

Yes but not many buyers either just over 4 mil,its just a lack of liquidity,so I would not be reading anything into it,but it does show that most holders are happy to hold.