NTL - New Talisman Mine - New board & Directors

[cammo]

From past reports you can probably assume between 2 and 3 fold the gold quantity as silver output.
They may choose to sell concentrate as silver credits or whatever, but still a substantial amount to come out. Could offset the mining cost a substantial percentage.

[steveb]

well the crumbling value of the NZ$ can only help this along.

Have we seen the bulk sampling results?

[Bluemanarc]

The Bulk Sampling results must be out soon.
At the AGM they were very excited about that.

[Mbro]

Silver: there is a heap of silver: you just have to go look at reports from 2017, estimates are there. I cant remember off hand. But the kicker is silver is only $22 an oz, the international gold silver ratio is an all time high, over 80/1 last time I looked. I love the stuff, but its hardly worth going looking for at the moment. We need 15,000 oz of the lovely stuff a year, just to pay directors fees for example, lol!

[swissboy]

What about the enthusiastically proclaimed B/S results ????? Surely it does not take this long for testing. ????

[Mbro]

Silver: there is a heap of silver: you just have to go look at reports from 2017, estimates are there. I cant remember off hand. But the kicker is silver is only $22 an oz, the international gold silver ratio is an all time high, over 80/1 last time I looked. I love the stuff, but its hardly worth going looking for at the moment. We need 15,000 oz of the lovely stuff a year, just to pay directors fees for example, lol!

I went looking: silver to gold ratio is generally obscured, the prefered term used is "Gold equivilent "ounces, rather than saying how much gold & how much silver. But in 2017 AGM I do see a reference to about 204,000 oz gold & 800,000 oz silver. 4:1. Given that that ounce of gold is $NZ 1900, and its acompanying 4 oz silver is $NZ 88, you can see why unfortunatly it hardly matters.

[Mbro]

A quick review leaves me optomistic! Ive ignored NTL for a while.
Hardly any selling, in reality: remember, 2.3 billion shares.
It looks top five shareholders have sold nothing in last year?
Managing director has skin in game.
Existing mine, which gave up 3.5 million ounces of gold at a maybe average of 37gm/ton. Insane high rate.
Company has a mining consent!
NTL provides a NZ $ hedge to US $ gold price.
And it provides a Gold hedge to irrational & fragile US share market, & economy. Global debt is very very scary right now.

So I see NTL as beyond a prospector - its a kind of shakey newborn producer. Like a calf standing up for the first time.

While it was insane raising money in front of November 2017 options, and I lost big on that - by my standards- I think NTL a winner, still. 700,000 options that looked certain for 1.5c , to zero. Thanks for nothing.

Warren Buffett said two things- "buy when others are selling"
and " the share market allows the slow transfer of wealth, from the greedy, to the patient"
So against my impatient annoyance, I will hold. I might buy more if the Dow falls another 15%

[Antipodean]

Quarterly cashflow is out. No income however the annexure 1 indicates more mining was completed than expected - and that (mining?) activities are ahead of schedule. Hopefully we get further detail in the forthcoming activities report.

[chippy52]

Would not expect to see any income from mining activities to appear untill next quarter at the earliest.

[blackcap]

Quarterly cashflow is out. No income however the annexure 1 indicates more mining was completed than expected - and that (mining?) activities are ahead of schedule. Hopefully we get further detail in the forthcoming activities report.

Bit of a worry that they lost $1.2m in cash though and only have $2.8m left. That means capital raise in the next 6 months if they do not get a move on. The pilot plant is not yet commissioned either if I am reading it correctly....