Two quarters to go and cash raising time....
http://nzx-prod-s7fsd7f98s.s3-websit...018/294279.pdf
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Two quarters to go and cash raising time....
http://nzx-prod-s7fsd7f98s.s3-websit...018/294279.pdf
Along way from certain there blackcap. 2m in the bank and reduced expenditure for the coming quarter. Annexure 1 also notes higher than budgeted expenditure for current quarter due to mining activity being ahead of schedule. Cashflow from the profitable bulk sampling should kick in this quarter.
It would have been good to know the tonnage of stockpiled ore...kind of like stock in hand really.
Well said Jonu, good to see someone knows what they're talking about.
My guess is the only way they can make any money out of the stock piled ore quickly is to have it toll treated. Waihi did this for them a while back. It seems to me that they are pinning their hopes on Dubbo producing some high grade ore that they can run through the pilot plant to create a bit of cash flow.
Its now a mine and these are all operational issues around getting going in the most affective manner possible.
I don't know why people are complaining so much Jono.
I am very happy we have gone from a pipe dream to actual mining.
These things take time, but once the whole system is set up, I can see a huge ramp up in activities, and gold production and cash.
The Ducks are unstoppably being lined up in a row.
All that glitters isn't gold.Hopefully for those holders out there it does.
I'm interested in seeing more regarding Dubbo. The last quarterly release on 31/01/2019 has the following under Dubbo Zone Access - "If the rise is stable the objective of removing 5+ tonnes of thebonanza grade material could be completed near the end of Q1. An update of progress in this areawill be provided to shareholders in the next few weeks."
2 weeks from 31/01/2019 falls this Thursday 14/02/2019 - but a few weeks is a little more open ended than that. Still, I would expect to hear something prior to end of month 28/02/2019 given the language used.
Remember this is the area that "... assayed 656 g/t Au over 1.8m including 1154 g/t Au over 1.0m"
5 tonnes is not much but if they got close to the 656 assayed thats 3280 grams now that's a lot of gold! could be worth $200K
I love NTL gambling. Its much better excitement than putting a bet on a horse race : instead of it taking minuits to see whether your choice was a good one, it takes years, the tension and anticipation never ends.
And better than a pokie, instead of a dollar in, pull the arm, and is it gone or you get $1000, NTL offers seemingly eternal dreams of 600 g/Au a tonne....or even quoted 10,000 g/t. ( I do not recall seeing 10 kg/tonne anywhere- Brain, where did you see that?)
anyway, let the dice roll again. By buying NTL we all qualify as goldbugs...