NTL - New Talisman Mine - New board & Directors

**Landyman** · 30-05-2023, 01:16 PM

Key comment as I read it "we are well-positioned to move forward and remain on track to commence bulk sampling on the Mystery Vein at Talisman in the second half of 2023"

If they are to be cashflow neutral by year end, given expenses will roll at $1m pa, and they only have few hundred thousand of stock on hand, then bulk sampling will be the source of the shortfall in cash.
That assumes cashflow neutral is to come from operations and not more rights issues ;-)

**nztx** · 30-05-2023, 02:14 PM

Originally Posted by winner69

Jeez, for a moment I thought revenues were a miserly $6 ..... but then notice it was in $'000s

Be all Interest revenue - wouldn't it ?

**Sideshow Bob** · 30-05-2023, 02:17 PM

Originally Posted by winner69

Jeez, for a moment I thought revenues were a miserly $6 ..... but then notice it was in $'000s

BGI reported $9k turnover this morning......

**steveb** · 30-05-2023, 03:15 PM

Well $1m a year is not a lot of gold now is it,300 odd ounces would do it approx 26 ounces a month.They could probably find that no probs

**whatsup** · 02-06-2023, 11:45 AM

Action aplenty today , .02-.022 first time in a long time that there has been a quote like this. KEEP GOING !!

**Daytr** · 02-06-2023, 12:45 PM

Originally Posted by whatsup

Action aplenty today , .02-.022 first time in a long time that there has been a quote like this. KEEP GOING !!

Yep good to see some movement.
With production imminent according to the company NTL should be on the radar of a few.

**RicharK** · 03-06-2023, 01:08 PM

Originally Posted by Daytr

No, I will just continue to demand better communication.
Scale of production, cost of production, feasibility of a novel mining approach are not trivial but critical.
Blind faith, as you are suggesting, is not in my DNA.

Well spoken.