NTL - New Talisman Mine - New board & Directors

[jonu]

The original article is from 2010 with a Gold Price USD 1076.50.
Gold is now over 1700 USD.
You can bet grades per tonne at NTL are above anything they have used for their modelling, so while it suggests NTL is undervalued at present, it is out by several multiples.

I just looked up the link below on how how to value in the ground gold for junior miners
http://www.munknee.com/how-to-value-...in-the-ground/


Not sure when this was published or what gold price it was based on but get US$17.7M or NZ$29M (.61 exchange rate). Using the figures below

• US$20 per ounce Inferred x 389,200
• US$30 per ounce for M&I x 23,100
• US$160 per ounce for P&P x 57,480

So that would say currently NTL is under valued based on todays price by about NZ$6.5M and current resource estimates.

I just look at it as another way of buying gold. The NZD gold price has now taken out all time highs, and is now 3000 an ounce. This thing is levered to the price. It's like buying an option.

On that basis alone fair value is at least double the current SP.

I have been trying to figure out how to multi-quote different posters but am not being successful in an intelligible manner.

However Lego Man can feel vindicated by the formula posted by Chippy, perhaps even on the light side. Bearing in mind my reply as to the age of the article and the massive rise in Gold Price.

The JORC Peer Review will hopefully wake up the market on the ASX. Fingers crossed it is within Cooee of NTL's workings.

[Ltw]

I just looked up the link below on how how to value in the ground gold for junior miners
http://www.munknee.com/how-to-value-...in-the-ground/


Not sure when this was published or what gold price it was based on but get US$17.7M or NZ$29M (.61 exchange rate). Using the figures below

• US$20 per ounce Inferred x 389,200
• US$30 per ounce for M&I x 23,100
• US$160 per ounce for P&P x 57,480

So that would say currently NTL is under valued based on todays price by about NZ$6.5M and current resource estimates.

Not a bad way to look at it and a great post. if that is from 2010 and keeping those numbers and only increasing it by the % increase in gold over that time.
The "value of in the ground" is 41m.. as someone else brought up, current share price is

approximately

50% under valued IMO I agree this this.

[Caesius]

Report must be released today? Or was that just a target they were shooting for? I would be less and less optimistic the longer it takes, in my experience good news gets released quickly.

Of course I could be well wrong!

[Ltw]

Due to being NZX and ASX listed they never release early.

[Caesius]

Due to being NZX and ASX listed they never release early.

Good point

[whatsup]

Cash flow quarterly just released @ 1-40 but its the activities report is the one that should be of interest to us S Hers !!

[Landyman]

Its here - though through ASB, there isnt a PDF to open yet

Ohhhhhhh "Activities originally scheduled for the following quarter have commenced earlier than anticipated."

[haewai]

Only a cashflow report on DB. Big spending on admin again. Bank account running short soon.

[youngatheart]

Read it wrong, lol

[whatsup]

Only a cashflow report on DB. Big spending on admin again. Bank account running short soon.

HTF can they spend approx. $366,000 on admin in the quarter when the first 3 weeks of the qr the company was still on its Xmas break!! TOTAL BS !!