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03-05-2024, 09:14 PM
#9371
Originally Posted by Daytr
Yep fair comment.
Why do you say June?
They still need to find somewhere to treat the concentrate.
Anyway good luck.
In their last activities announcement they said "Today DOC have advised that we can now expect a decision in June." There is also the potential that DOC delays there decision even though they have said they said June and drags it on, so either way applying for fast tracking is a good back up plan.
Regarding a processing site they say they will be presenting the board with an outcome in a few weeks "Unfortunately, we were not able to finalise a deal with our preferred processing site, but have identified three further promising alternatives. We are progressing discussion on these options and expect to be presenting those to the Board in the coming weeks."
If approval does come through then probably expect a capital raising in the range of $1.5m-$2m.
Last edited by silverblizzard888; 03-05-2024 at 09:17 PM.
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03-05-2024, 09:31 PM
#9372
Originally Posted by silverblizzard888
In their last activities announcement they said "Today DOC have advised that we can now expect a decision in June." There is also the potential that DOC delays there decision even though they have said they said June and drags it on, so either way applying for fast tracking is a good back up plan.
Regarding a processing site they say they will be presenting the board with an outcome in a few weeks "Unfortunately, we were not able to finalise a deal with our preferred processing site, but have identified three further promising alternatives. We are progressing discussion on these options and expect to be presenting those to the Board in the coming weeks."
If approval does come through then probably expect a capital raising in the range of $1.5m-$2m.
Thanks.
So we are now in May. A decision from DOC in the next 6 weeks or so.
So it begs the question why go the fast tracking route?
Either way, it will come out in the wash hopefully sooner rather than later.
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
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03-05-2024, 09:32 PM
#9373
Originally Posted by Daytr
Thanks.
So we are now in May. A decision from DOC in the next 6 weeks or so.
So it begs the question why go the fast tracking route?
Either way, it will come out in the wash hopefully sooner rather than later.
Isn't the DOC thing for bulk sampling only?
The fast track thing goes for full permit or am I missing something?
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03-05-2024, 10:37 PM
#9374
Member
Originally Posted by blackcap
Isn't the DOC thing for bulk sampling only?
The fast track thing goes for full permit or am I missing something?
Yes that's my understanding. The resource consent for bulk sampling has been in the bag for years - just need to get DOC's access sign off (renewal) then NTL will trigger it. The full consent will be for the fast track.
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04-05-2024, 08:22 AM
#9375
Originally Posted by Paint it Black
Yes that's my understanding. The resource consent for bulk sampling has been in the bag for years - just need to get DOC's access sign off (renewal) then NTL will trigger it. The full consent will be for the fast track.
It could well be but how do you know that from the announcement? That would be a significant change in strategy and as such you would think it would be stated.
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04-05-2024, 09:08 AM
#9376
Member
Originally Posted by Daytr
It could well be but how do you know that from the announcement? That would be a significant change in strategy and as such you would think it would be stated.
As there is no change in strategy why say so. Where do you think there has been one?
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04-05-2024, 09:18 AM
#9377
Originally Posted by Paint it Black
As there is no change in strategy why say so. Where do you think there has been one?
I think if they are going for a full mining permit rather than just bulk sampling then that's a significant development.
Anyway it will come out in the proverbial wash.
I broke one of my investment rules when buying into this stock & that is trust in the management and it was nagging me constantly. Anyway I'm out now & I hope it works out for everyone else.
I might look at a re-enter when they do the cap raise if there is more certainty around access and processing.
I suspect it will need to be around 1.8c again, but that will depend on how much certainty & what prospects look like, if far more positive then perhaps 2c.
Remember the last capital raise a year ago was the last hurrah. Into mining, cashflow neutral or positive by the end of 2023.
I wonder how the next capital raise will be worded?
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
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06-05-2024, 01:22 PM
#9378
I wonder if Mr Brown will stump up another $1m to try to get it there - he must have deep pockets
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14-05-2024, 03:43 PM
#9379
Junior Member
Originally Posted by Daytr
They are going to produce a 65% concentrate underground and then ship. If it can be achieved they should have very low production costs.
Has it been confirmed that this is going to happen ? If so, I understand that it would mean that a 1 tonne ute could take a tonne of concentrate to a refinery anywhere in NZ in about 24 hours. 1 tonne is 35,274 ounces. 65% of that is about 23,000 ounces which at todays price is valued at over $50 million. Now this all sounds too good to be true, but I can't see where I have gone wrong in my calculations. Any comments ?
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14-05-2024, 04:02 PM
#9380
Originally Posted by Elia
Has it been confirmed that this is going to happen ? If so, I understand that it would mean that a 1 tonne ute could take a tonne of concentrate to a refinery anywhere in NZ in about 24 hours. 1 tonne is 35,274 ounces. 65% of that is about 23,000 ounces which at todays price is valued at over $50 million. Now this all sounds too good to be true, but I can't see where I have gone wrong in my calculations. Any comments ?
No it was wrong as I agreed it latter posts.
It's a 1% concentrate under the current plan.
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