Yes fair enough, we are in wait and see mode. By the way, your calcs make no mention of the silver reserve. A "material increase" combined with "spectacular" has me on the optimistic side.
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Being a large holder I'd love to see it jump to 10cents!.....but I agree with Antipodean it just isn't going to happen. Impossible to say where the price will settle when the trading halt is lifted without knowing what the new reserves are. (I'll take a guess at double from now). And still that stuff is worthless until there is consent to get it out of the ground and full scale mining is underway. Given it's taking months and months, almost years, just to get a traffic management plan in place there is no certainty this mine gets past bulk sampling....and then still the glod price and exchange rate to consider....so lots of water to flow yet, but yes, I think this puppy is looking good...but I think we'll need a bit of paitence until we hit the 10c mark :)
Well today's the big day. My pick is they won't lift the halt while one of the exchanges is closed so they may release the update this morning but maintain the halt until mid-day.
I have been pondering on the extraction costs. Someone with mining experience may be able to help out, but surely the higher the g/t the cheaper the finished gold to produce. So it becomes a delicious double whammy, more gold and cheaper per ounce to extract. Robbo over on H/C says historically this mine rates as one of the highest g/t for an underground mine world wide.
Good luck to all holders. It's been a long and frustrating ride. Let's hope this is the start of big things.
We've still got to get past the council traffic plan and greenies?
I've been telling my mate at work to buy some for weeks , but he has been procrastinating. So today he decides to buy !! Better late that never. My daughter bought some with her Christmas present money, so we are having fun with this as a family. She said she would have wasted it all on junk anyway, so isn't worried if she looses it all, but I think she will be happy today.
JORC now up to 388k with more to come by the end of the month from other levels!!!!
That 500k oz not so far away is it?
560k oz - so still some way off. However this announcement certainly is spectacular. The rest of the announcement is gold (sorry pun intended) too. Funded to 2020? Underground development? Bring it on.
I'll still stick with my earlier assessment of potential 1.5c-2.0c by end of year, though would expect the upper end of that range with continued good progress. Years beyond, who knows...
Oz and Oz will drive it from here.
Ounces and Australia. If the ASX goldies cotton on and speculate prior the results due end of July I think it will blow 2c away, at which point the options come into play.
Yes, the announcement certainly lived up to spectacular.
A bit slow on lifting the trading halt at the ASX ?
Both NZX and ASX seem to have settle at around the 1.2c mark - not a bad day at all! Spectacular even.
Itchy trigger finger, but I read the key statements:
"...after the completion of the first module..." - double estimate of resource AND
"...Mineral resources upgrades to JORC 2012 standards are underway at three other
modules ..."
Well hold the phone, 3 modules to go, that we will know about by 31 July. Christmas is coming early.
discl:holding not enough!!!
Article from Proactive Investors
http://www.proactiveinvestors.com.au...ce-180719.html
"The company has a 25-year mining permit and is preparing the site for bulk sampling. Consents allow for the extracting of 20,000 cubic metres of ore each year."
I didnt realise that. That will give them plenty of time to get the SP to $1 haha 😎
yea I was just dreamin'.....not serious. but by wife's spending it already............... I am much more realistic having lost a lot before,
Does anyone know how much gold / silver there might be in 20,000 m3 per year ? They have consent for that but not production yet.. Correct ?
So a quick google and 20,000 cubic metres of concrete is approx 48,000 metric tonnes.
Average grade of gold per tonne in the release was 21.98g/t
48,000 * 21.98 = 1,055,040 g
1,055,040g / 31.1 (Troy Ounce) = 33,924
33,924 * $1,217 = $41,285,648 USD
= $56,416,582 NZD
I don't know how accurate that would be but that's what I would assume is approximate
I realise concrete might not be the best conversion to use haha so according to Google Top Soil is about 1.44 tonnes per cubic metre:
Average grade of gold per tonne in the release was 21.98g/t
28,000 * 21.98 = 633,024 g
633,024g / 31.1 (Troy Ounce) = 20,354
20,354 * $1,217 = $24,770,818 USD
= $33,872,312 NZD
It is very much a rough as it gets estimate
I think concrete is a lot heavier than uncompacted metal. I think about 1.5 tonne per m3 is close.
Of course you have to allow extraction costs which per oz will be cheaper than previous estimates because of the high grades.
On top of that there is the silver.
Using Bucko's formula I come up with 30,000 tonne of ore
21220 troy oz gold plus unknown silver
Hi, anyone willing to do a gut feeling on these topping the .013 mark this month?
Already have Clints :)
3 more JORC upgrades due around end of the month according to the Annual Report. Hopefully fed out one by one over the course of 10 days or so. Depending on how many ounces are added I reckon .013 will look a tad undervalued (note massive understatement to avoid any possible accusation of ramping :p)
hints for more resource report coming before 31 July, also remember there are $2m plus worth Options at $0.02 each expiring at 28th Nov 2017.
My gut feeling told me they will have at least one more push.
Thanks Jonu - i pickup 4.5mil of these shares on Wed and curious to see what happens. Back to 10 year high of 70c would be nice 😏
News spotted by randosmit on hotcopper:cool:
https://www.theguardian.com/world/20...cant-gold-seam
lots of articles recently, local and this one - international .Thanks Crow :-)
Hopefully will bring a few people into the share market. The protesters should actually get jobs and be working on a Monday morning .
most of the work is underground , so I don't see the problem is, and I love the area. The walks are one of my favourites . Its not going to turn into Waihi now is it !! (that is the open-cast mine 15 kms away ,and why all the locals are jittery))
I mean if I was a rabbit underground, I could understand but , come on ....... !
Attachment 9002
Ah... those were the days 1994
from .003 to .37 in 3 months :-)
I haven't looked into details, but fun to see..:-)
https://www.nzx.com/companies/NTL/announcements/304372
Interesting the exchange tagged this as price sensitive. Some clear indications of progress which is positive.
Good to see some balance regarding the environmental issues recently gaining attention in the media.
The ASX is all over it. Already trading at 1.3 AUD
Make that 1.4 AUD:t_up:
0.015 NZX. Looks good. Let's see if it settles back on Monday
That's rather a glass half empty view Clints! I prefer the glass half full approach after 2.9 million traded at 1.5 on the close. My comment would be "let's see if it legs on up on the imminent release of JORC rerates x 3" (due end July)
Being Friday night my glass is 3/4 full of a rather nice merlot so you may have to excuse my exuberance.
ASX buyers are lňoking poitive at 1.4 many more than NZX. Looking goo today
it does seem like the ASX has some wind behind it with buyers wanting at 1.4. steep climbs worry me in case of steep falls, like PEB WYN XRO BLS however we should compare apples with apples, and this is different .
its a great Friday night as you say Jonu,
This has jumped to 25% of my portfolio,
I must go down there and pick up a few Z nails off the track in the next few weeks :p
WOW! Current ASX opening match at 1.8 AUD! Wonder if it will hold. It leaps around a bit over there before the open
With NTL getting out in the market place, we may see some new investors, possibly get the "day-traders" trying to make a buck off it. Either way, its going to be a fun week.
I have a few options that mature in a couple of months. What is the process on converting those into ordinary shares.
Its tempting to sell everything else and go all in , but that would be irresponsible. So tempting though...... Anyone done that?
PEB went from 1c to 139 right ? On a hype . Correct me if I'm wrong
can somebody calculate what the shares are worth in the real world after say 3 years production? So I know when to put on my parachute
For Cammo's benefit, above is Antipodean's reply to me about where the sp might end up after the JORC rerates. After the first one we have 388k oz plus silver.
I might take some stick for this, but confidence is the only thing between this and 10 cents. M/cap as of today 35 million, sitting on gold alone profits of approx 300 million with 3 JORC rerates imminent, plus Newcrest Rahu JV test results due soon.
Dunno about 3 years time but a few weeks isn't too long to wait is it?
Hey guys, I just want to take the opportunity to thank the members of this board. I would not have stumbled across this opportunity in time if it hadn't been for this thread. I know it's still early days but I am pretty happy I got in when I did.
Oppies slowly getting taken out but .02 strike price for a Nov expiry makes the current heads price of .018 a very interesting delima
Not all in, but have plenty in taking toping up last week at 1.1 cents after picking up a bunch on rights issue for .5 cents. All my numbers a year ago said something like this was possible and still plenty of upside from here. So just need more good news this week to really get the price going, especially with the interest in Aus from traders who have a bit of exerience with exploration companies.
2 cents NZX... Thar she blows!
Jonu - you sound pretty sure these are going to keep rising.
There's Klingons on the Starboard bow.........Scotty, get them off!
Mmmm and Newcrest is up 3.3% today.....really hope they announce the drill results soon. Talk about a long wait.
woodstock resource upgrade coming
So - 3.7g/t to 6.3g/t with Bonanza and Talisman yet to be completed.
Jonu > Did you want to repeat yourself? :)
Yes don't mind if I do.
Woodstock was always going to be the smallest rerate. Bonanza and Talisman are not even included in the current JORC. Anything found is extra ounces, not just a regrading of g/t.
Also talk of new exploration fields.
There is a lot to digest in the announcement. They have gone the whole 9 yards on the methodology and geology/mineralisation etc for the real miners and geologists to mull over.
Happy Days. Back to more digesting of the release.
Any idea how long a peer review could take?
"The entire Talisman Deeps project including all known data is expected to be finalised by 31 July. It is intended to have results peer reviewed before final release to the market"
Nice summation in this article. Crown and Mystery veins to be rerated once Bonanza/Talisman are done. It just keeps getting bigger!
http://www.nzresources.com/showartic...guid=300010347
Here's the full article. I think it's behind a login otherwise
26/7/2017 — Gold
New Talisman continues to lift resources
By Ross Louthean
At the close of trade on the Australian Securities Exchange yesterday New Talisman Gold Mines Ltd’s (NZX & ASX: NTL) share price continued its steady climb as the result of another positive increase in the resources picture at the Talisman project.
At close of trading on the ASX, New Talisman’s share price lifted to A1.8 cents and was NZ1.9˘ on the NZX.
The company said it had earlier highlighted it was completing assessments on the deeps models at the Talisman mine at Karangahake, covering three models taking in the Dubbo, Woodstock and Talisman/Bonanza zones.
Once all these modules are completed the company will upgrade the Mystery and Crown vein estimates.
Yesterday, New Talisman chairman Charbel Nader said: “As the results are exceeding original expectations the company may potentially review the manner and or timing of the exploitation of these resources.
“Once all the modules are complete we will review the options available with a view to maximising shareholder value and delivering benefits to all our stakeholders and the broader community.”
The latest announcement relates to the second module for Woodstock of the Talisman Deeps resource upgrade, with the remaining Bonanza Module on target for completion “in the coming days.”
The Woodstock Zone is the smallest resource with sparse sampling coverage in the deeper areas of the mine. The zone is within metres of the portal opening and has multiple open faces in the mine and through a second portal. Access to this part of the orebody is “relatively easy” with more work on this target to be carried out in coming weeks.
The updated resource for Woodstock takes in a total resource of 203,102 tonnes grading 6.3 grams/tonne gold for 41,170 oz. The company used a cut-off grade of 2.5 g/t Au. NTL said application of this cut-off grade has seen the average grade of Woodstock Zone increase from 3.7 g/t to 6.3 g/t.
NTL said the resource upgrade at Woodstock and the any further resource increases at Talisman Deeps will be included in an updated pre-feasibility study and ore reserve statement in due course. Where possible, areas identified will be prospected and tested for inclusion into the body of works during Bulk sampling.
The company said a further area of 206,000 square metres on the plane of the orebody has been identified as an exploration target.
“Information available indicates that this area is likely to yield a vein width of between 1.6m to and 2.4m (827,296t to 1,240,944t) with gold equivalent grades ranging between 2.7 g/t and 5.35 g/t.” The potential quantity and grade is conceptual
With modelling of the first two zones now complete, NTL is focused on completion of the Talisman/Bonanza estimate where the historic databases acquired in 2015 have shown potential to increase the current resources to JORC 2012 compliance, which would further enhance the overall mineral resource estimate.
Replacing the JORC 2004 Dubbo resource and Woodstock estimates with the new estimate for both zones, and converting the remaining JORC 2004 resources from Crown and Mystery to gold equivalents, gives total measured, indicated, and inferred resources of 396,000 oz gold equivalent. This is prior to results from resource modelling underway on Talisman/Bonanza.
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NTL (ASX)
Price at posting: 1.8˘
Sentiment: Buy
Disclosure: Held
Thanks Jonu, so much positive news I'm glad i took the plunge and now have 40% of my portfolio in this. Surely this will blow past 2c with the next announcements before the 31st of July. GLTAH
Amer will be kicking themselves.
What are the chances of a Newcrest take-over ?.
Topagent, I think it said it will be ready by 31 July, but will require peer review before being announced to the market place.
Either way, it should be a fun ride up!! :-)
3.959 million traded already....
Still wondering if a peer review will also have us see a Trading Halt....also Quarterlys are due, so all very interesting still, and i wish Newcrest would hurry up with their Rahu results.
Also in the mix is the update to the pre-feasibility study which should spell out in plain language the profit on the ounces in the JORC. I must admit that the cost of extraction gets hard to work out as the grades get higher. It must be cheaper per ounce, but I'm not sure how to factor it in.
Anyone have a general idea about the NBR article or are they just saying what we know already?
https://www.nbr.co.nz/
Yeh its a general summary article of the last month really, talks a bit more about Amer and how the market cap was $5m when originally discussed and now $40m etc etc
Sounds like there could be another capital raising in the future? I would have thought the profit from the bulk sampling would be enough to fund indefinitely now?
“We’re well funded for the operations we’ve set out to commence. But having said that, the developments that are going on underneath us will determine further exploration capital intent activity as we progress,” Mr Hill says.
We seem to be forgetting about options conversion here when we talk about cap raising. My guess is that by 28/nov/17 the ops will be well in the money so the company will receive 2 cents for each of these with no costs.
yes enjoying the ride
This seems pretty quiet today after yesterdays release.
not very quiet by looking at the volume 12m traded today, 0.019 is a huge resistant... hard to break out until further good news
I also would have thought that yesterday's news release might have been reflected a little bit more in today's trading. But I agree volume is high and many taking the opportunity to profit grab. Gltah disc. Hold / buying / over 40% of portfolio
High volume generally is taken as a show that buyers and sellers are agreeing on the price,and also that events for now have run their coarse. I believe it is best for NTL to slow a bit and consolidate. We have had a great run so now it would be best to tread water and let events catch up with company happenings.
Remember so far this is all just potential and will remain so until the bulk sampling confirms the results one way or other.
Digger - what are your thoughts around the next two JORC rerates due out in the next 3 business days?
Have no idea,but I am waiting hopefully.
This company will really fly when Newcrest or some other company takes an interest. The main thing in favor of holding this company is that apart from Mr Brown who holds about 250 million,there are no major holders. This means that when outside companies take an interest the SP could fly.
But in the mean time we need the bulk sampling underway.
Oh well - another day, another $
Oz looking to open very strong this morning at 1.7 going by the early match volumes. Yesterday's drop was on very small volume late in the day on both exchanges. Let the fly by nighters run!
Quarterly came out on the 28th last year. Guess it has to be today or Monday. Maybe eveything will come out together
Let's hope for something "spectacular"
The calm before the storm.
The Talisman and Bonanza Shoots are right in between Woodstock and Dubbo shoots. So hard to imagine we are not in for more good news, "It is important to note that the Talisman and Bonanza Zones have not been included in
previous resource estimates "
Interesting Aussie open for less than 3 hours. Buying at nearly 1 mil per hour. Somebody knows something