Thanks jonu, that is interesting. You couldn't point us in the direction of some more info on the process per-chance?
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Been watching this one for some time and joined the gold rush at 1.9 in late July.
I regard NTL as highly speculative (and normally avoid mining stock,) but figure the downside risk is slim pending the promised updates later this month, and in Nov. Interesting times ahead.
Looks like everyone is sitting tight until next weeks announcement, with SP stable, and not volume. Im on a plane to ChCh Friday night - hoping I can fly 1st class.....or maybe buy the whole plane!!!
ok so suppose the news is good next week and the SP doubles.How many of you are going to sell,and how many of you will stay in for the ride?
Me I'm all ready for the ride!
Found this (below)while i was looking for a chart of a miner from explorer to producer. From memory which is hazy, exploration results send the s/p high then it drops in development stage to finally head back up somewhat when becoming a steady producer.Will keep looking for that.
Lots of int stuff if you can be bothered. Dealing with internet Stock chat rooms on page 46 int too.
How to Make Money Investing in Junior Resource Stocks
Heres a very basic one
https://www.geologyforinvestors.com/...Mine_Cycle.jpg
There is no doubt that their is gold there, the doubt has been completely on whether this operation would fold before they finally got through all the red tape.
Getting mining in NZ operational in todays greens world, todays health and safety world, is like climbing mount Everest.
But if you do the views are spectacular but many die trying.
JT's got no stock in this, I just think he is grumpy he didn't get in at 5C or even at 18c :)
You cannot do detailed accounting type analysis on this stock. At this stage it is speculative.
You can way up the pros and cons and then decide to have a punt or not. My entry price was 0.55c and I made the decision on the basis of
CEO is a major shareholder.
Historically good to excellent gold grades
6 M $ in the bank.