I like the part in the release that talks of more updates by the 14th December
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I like the part in the release that talks of more updates by the 14th December
Those updates would be to do with equipment purchase or what they're doing with Rahu?
Life is a lot more fun if you take a positive view. 10c per share by Christmas next year.
great news that we might finally be away.That is the only news I wanted to hear--that we are onto gold extraction. Does anything else matter for SP appreciation.
WK6332,I do not think you can favor one class of security over another. The options as I see it expired and that is that. I could be wrong but i believe the company if it needs more money can just issue new options but head shareholder would have to be included. I have experience with NZOG where they did that.
I'd certainly vote against it...Why should an options holder be given an extension? A positive announcement occurs following the end of their contract and they'd expect an extension...it's a ridiculous concept
I agree there should not be an extension ( and I have ntloa options). The question is why didn’t this announcement come out last week or better yet 10 days ago. NTL could have used the additional capital. It certainly would have help fund additional inforstructure. We need the gold to start flowing and a processing plan on place to put real numbers around the value of the mine now
Exactly. The announcement didn’t tell us anything that they couldn’t have reported 10 days ago. So why didn’t they!
8.18 gms/ tonne, max. Thats within good to average range for underground. Only agreed by council to allow 20,000 m2 out, & some doubt if that's per year or in total over the two year consent. Say 6gms/ tonne x 40 000 t. Concentrator quadruples that - 24 g, 3/4 an ounce per tonne, 30,000 oz, thats say $30m profit over two years, $15m a year, I guess thats a $150m company if it happened. $150m , 2 billion shares, 7.5c @ 10% yield. If it happens, and is allowed to continue past second year. The gamble continues!
Anyone know why NTLOA still live quoted? Surely they die on the 29th Nov? There can't be an extension, surely, despite recent commentary?
I don't think you can fault the positive news that keeps coming back from NTL about progress in the mine itself.
Unfortunately I was a bit asleep at the wheel when it went down to 14-15-16, busy sorting out my property developments (a lot harder and takes a lot more time than flipping).
Or I would have line purchased the shares at those levels.
But I cant keep buying everything when NTL hits those low's or I would end up owning the whole gold mine myself :)
Ooohhh... now that's an idea.
I am certain that that it is 20,000 m3 per annum from all the information that I have read. The density of the rock is about 2.5 tonnes /m3. That would make your above ball park calculated profit $37.5m per annum. Share price of 17.5 c per share at a PE of 10.
I think that the material that they are sampling is rubble left behind from the previous mining operations so I expect the mined grades to be higher.