NTL - New Talisman Mine - New board & Directors

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Originally Posted by robbo24

No way they bought a gold pan!

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http://www.outdoorsupplies.co.nz/goldmining.htm#gold

Join me and moosie :p

Disc: Got me some NTL

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Originally Posted by Dej

http://www.outdoorsupplies.co.nz/goldmining.htm#gold

Join me and moosie :p

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I've already got my gold pan - ready to go.

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The Board expects to release a summary of the report’s finding in the coming days.
Mr McKee welcomed delivery of the pre-feasibility report and congratulated the company’s managers and
advisers on bringing such a comprehensive body of work together on time and on budget. “With my fellow
directors I look forward to studying the report over the long weekend. Subject to the detailed findings and
recommendations of the report I anticipate moving to the next stage in the development of the Talisman gold
mine within a very short time frame” Mr Mckee said.

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The promise contained in the press release (late March) is beginning to fade. What is the span of attention of the average sharetrader, that is the question.

http://www.google.co.nz/url?sa=t&rct=j&q=share%20traders%20span%20of%20att ention&source=web&cd=1&cad=rja&ved=0CEoQFjAA&url=h ttp%3A%2F%2Fwww.forbes.com%2Fsites%2Fgreatspeculat ions%2F2011%2F01%2F21%2Fstock-market-becomes-short-attention-span-theater-of-trading%2F&ei=cKdrUfe-CYiPiAf1uoHwDQ&usg=AFQjCNFDOQBaCnFXRmqxv6i-5JZitz_FQw

You seriously mentioning "gold" and "buying" in the same sentence? Yee hah...I'd be dumping anything remotely connected to "dont mention the word".

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Originally Posted by moosie_900

Down down down she goes, where she stops nobody knows! Nearly back at my buy-in price now. Good ol' fear driving the market today, looks like it's buying time again ;)

And NTL, get your A into G and RELEASE THE REPORT ALREADY!!!

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Jeepers nothing on the bid side at all, looks a rather sad case today.

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Originally Posted by GRIFFIN

Jeepers nothing on the bid side at all, looks a rather sad case today.

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Moosie would call this an opportunity...

Why is it taking so long for them to discuss the report?

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Originally Posted by GRIFFIN

Jeepers nothing on the bid side at all, looks a rather sad case today.

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NOT ONE BUYER IN SIGHT.......WHY AM I NOT SURPRISED?? WITH THE GP PLUMMETING STILL, I DOUBT THIS DOG WILL EVER FIND IT'S LEGS AGAIN.......back into the bottom drawer for another 20yrs.......YAWN.

chin up moosie. All things are cyclic. Even viewpoints on forums

falling gold price probably didnt help but it seems to have flattened out currently. I suppose now having said that it will take another dive on the hysterical gold chart

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Originally Posted by moosie_900

Price drop has...

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Now NTL coming to close on a 7% rise (all be it small volumes) and my oil play in Austalia is down... go figure. :confused:

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Originally Posted by moosie_900

You in OXX Dej?

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Yep! Again small volumes ($300), its a small volume day for me :p

I reckon the PF report must be a cracker and the reason there is a delay in advising the market is that they are confused just which prime spot to have a go at first.

yaaaaaaaaaay finally

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Originally Posted by GRIFFIN

I reckon the PF report must be a cracker and the reason there is a delay in advising the market is that they are confused just which prime spot to have a go at first.

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Half right, GRIFFIN $_$

phew that took a while to get through,

Ore Reserves - The formal documentation and public report pertaining to the Talisman's JORC compliant maiden Ore Reserve statement are being prepared and will be released within the coming weeks....something else to look forward to?

They say coming weeks... They mean coming months LOL!

Thoughts people?? 'pan' them out..

i think the 35% increase in share price in the last 20 minutes says it all!

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Originally Posted by bucko

i think the 35% increase in share price in the last 20 minutes says it all!

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I bet borderline-top-20-largest-holder moosie will be getting excited.

Have you got over 1,000,000 shares moosie? :-P

POST 356 well done GRIFFIN.

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Originally Posted by GR8DAY

NOT ONE BUYER IN SIGHT.......WHY AM I NOT SURPRISED?? WITH THE GP PLUMMETING STILL, I DOUBT THIS DOG WILL EVER FIND IT'S LEGS AGAIN.......back into the bottom drawer for another 20yrs.......YAWN.

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Nostadamus here with his views...

You bet moosie congrats to the NTL team and i may even have a cold TUI in the fridge.

Good buying on the Aussie side no one up with the play there yet.

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Originally Posted by robbo24

Nostadamus here with his views...

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.......long way to go to get this dog off the ground yet Robbo. How much are they gunna be asking shareholders for now.........$5.4m isnt it? When was this prefeasability study completed anyway........cos if it was more than a week ago (as Im sure it wud have been) then their figures arnt worth the paper they'te written on ( given the 15% plus drop in GP over the last 7days)........in fact I doubt the whole thing is even viable now. Hey good luck tho m8 if you wanna keep throwing money at this puppy......I think they'll be needing lots of it.

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Originally Posted by GR8DAY

How much are they gunna be asking shareholders for now.........$5.4m isnt it?

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Nil, I believe:

The company intends to fund

this work with a small scale mining operation, focussed on the immediately

available, Measured and Indicated resources to ensure that the project is

self-funded.

Initial mining would produce a projected cash surplus of NZ$23.4 million from

total ore milled of 106,500 tonnes at a recovered grade of 9.4g/t Au and

30.0g/t Ag. A total of 32,200 ounces of gold would be recovered along with

102,800 ounces of silver.

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Originally Posted by GR8DAY

in fact I doubt the whole thing is even viable now.

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No need to doubt - do the math.

Robust C1 cash cost of US$588/oz and C3 Cash cost of US$1075/oz - well

below current prices

From the announcement:

Project Economics – A Discounted Cash Flow analysis based on a weighted consensus average gold price forecast of US$1600/oz, a NZ$:US$ exchange rate of 1:0.8 and a 10% discount rate indicated a net present value (NPV) for the project of NZ$15.5 million. Unit cash costs were estimated at NZ$692/oz with an all in cost, including capital expenditure of NZ$1166/oz.

Somewhere else they mention 12000oz of gold a year. At $1600 that is a 6.3mil profit but at todays price $1360 that is only a $3.4mil profit - approximately a 50% reduction.​

Wow! Compared to some other hopeful miners, the amount of capital required is very low. Just a few mill, and these details on the operation are tantalising in their simplicity.

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Mining Method - Ore veins are steeply dipping, from 70? to near vertical,

with widths ranging from ~1.0m in the Welcome/Crown area to >6.0m in the

Woodstock. Preliminary stope designs have been constructed encompassing the

volume of estimated payable ore in each resource block. Analysis indicates

that the geometry of the lodes is potentially suitable for a number of mining

methods. The study recommended that a sub-level stoping design be implemented

to provide the flexibility to switch between hand-held and long-hole drilling

techniques where applicable.

Materials Handling - An option analysis was carried out on the installation

of rail bound transport systems underground compared with the deployment of a

fleet of small, rubber tyred loaders and trucks. Results clearly demonstrated

that the flexibility of a trackless fleet, which would enable extraction of

the resources below 8 Level through a series of small ramp systems, held

significant advantage to the project.

Production Plan - A production plan was developed based on the above

assumptions. It indicated that an initial five-year operation, with peak

production of 35,000 tonnes per annum and 12,000 gold ounces in years 3 and 4

was possible. 65% of the total 106,000 tonnes mined would be derived from the

better understood Woodstock and Dubbo Sections. Production planned from the

Mystery and Welcome/Crown blocks would primarily comprise on-reef development

required to improve and extend the confidence of resource estimates within

these areas.

Services - Systems required to support mining operations, such as power,

water and compressed air reticulation, have been designed to support double

the production rates estimated in the plan. This would permit the possible

future expansion of the mine into newly proven areas. Considerable

consideration has been given to designing systems that would minimise impact

on the environment.

Processing and Metallurgy - The study evaluated several processing options

including non-chemical gravitation separation, flotation and cyanide

leaching. Historically, cyanide leaching of ore from Talisman achieved a 95%

gold recovery and 70% silver. Costs included in this study reflect the

capital and operating costs for a dedicated CIL plant. NTL is awaiting

results of test-work undertaken by Auckland University and intends to embark

on a bulk sampling program and further metallurgical test-work to inform

detailed design of the ore processing flow-sheet. Additionally the company is

holding discussions with a number of local gold producers to investigate the

potential for a toll treating agreement.

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Great cashflow numbers from a boutique operation, and I'm not as worried as GR8DAY about the gold price, especially by the time they're ready to go. Which might not be very long, if initial funding and permitting is forthcoming. It's an old mine, how tough will the permit process be? And 35,000 tonne p.a. is only about 50 cubic metres of treatable ore a day. There is not going to be a big fleet of vehicles needed, capital needs are very low. The heap leach treatment is very low cost too, even OGC do this at Macraes sometimes. And their grades are nowhere near this good.

NTL is about the only good story on the NZX today, nearest other share increase is about 3.5%. The MCAP of NTL is still only a mere $12mill. Plenty of room to move yet.

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Originally Posted by elZorro

It's an old mine, how tough will the permit process be?

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It's as simple as: http://www.legislation.govt.nz/act/p...DLM231910.html

It's not necessarily simple, actually, but the fact that it has been mined before should reduce the threshold for obtaining a resource consent to get it all going again. The mining methods seem less intrusive than other methods commonly used (from what I've seen on Gold Rush: Alaska!). I'm not one of these big city lawyers but things like trucks, noise, traffic, etc, all have to be taken into account and can result in a costly little experience. Although, the local counsel might be very welcoming of the application and if you pay off the enviro-warriors and other groups who commonly appeal to the environment court then you're good to go!

Thanks for that Robbo. Here's a tidier version of the report.
http://www.newtalismangoldmines.co.n...lity-Study.pdf (NTL should tidy up their logo resolution. I think they can afford to now).

While the price of gold is an issue for the first stage of the mining, this should be a precursor for drilling down within the Talisman mine to hopefully intercept other new veins. A lot of the original Coromandel area gold was target-mined underground from veins in the bonanza-grade region of 2-3 oz/tonne, or 60-90 grams/tonne. In that case, any value over US$1,000 an ounce will be more than acceptable.

I've been following the price of gold for a while, and there are more reasons for it to go up in value, than down. While sentiment does have a part to play, it looked like there was an orchestrated move to pull gold down, and some huge eyewatering profits would have been made by shorters on the inside of the move. The point remains that a big portion of the world's population covets gold, and it's getting harder and more expensive to find it underground.

Back to the long-awaited Pre-Feasibility Study from New Talisman. There are no glossy photos or fancy drawings, which is a pity. But the numbers are there. I reckon they're good numbers.

The total resource is 204,760 oz gold, 798,840 oz silver, of which a fair bit is inferred, but the average grade of all the gold is 8.5g/tonne. This is way over the new normal grades at Martha Hill and Macraes. It's high enough to go digging underground for it. Note that NTL is only going for the easiest gold at first, just 32,000oz of gold over 5 years, or 15.6% of the known/inferred resource.

Over 5 years, they'll hope to remove $60mill of bullion (gold and silver) but only about 5% of the value will be in the silver. $60mill assumes gold at US$1600/oz, exchange rate 0.8, minus a 10% discount for error. That still looks like being in the ballpark for a goldbug like me.

They predict a cash surplus of $23,400,000 after the five years, by which time they'll be using some of the surplus to investigate other parts of the mine, and pull out more of the known gold (self-funded after 2-3 years).

But this figure of $23,400,000 is even better than it looks: it means that the capital cost of setting up the mining operation (a total of $11-15mill odd) has all been paid for already. Of course the books will be better than that, as a lot of this cost will be capitalised and depreciated over say 10 years, not five. In any case, the equipment and setup can be used on other gold recovery work afterwards. If the grades keep improving based on exploration work, cash costs per ounce should fall further.

The Net Present Value (NPV) of just this subset project is calculated as $15.5mill, which would value every NTL share at NZ3.2c. However the currently known/inferred resource of 205,000 oz gold, 800,000 oz silver, if recovered and sold today, would be worth about NZ$380mill.

Toll treatment: some info which implies the mine owner delivers ore, it's weighed and grades are fairly well known, then the toll miller runs it through their plant. CIL means Carbon in Leach, not heap leaching?

http://www.im-mining.com/2010/05/03/toll-treatment-issues-for-gold-advice-from-mets/

You have two "if's " in this post moosie.. That is two, to many for me..

Think that " GOLD " ... Could possibly go below $1000.. It is being manipulated as always IMHO.

Disc. Never touched the stuff..

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Originally Posted by moosie_900

Cheers for that elZorro, great post as always. Yes, those reserves are looking much closer to being mined and at no more cost to the shareholder. If the gold price keeps going up as it has tonight in Asian trading then follows through on US trading then I think we might be on to a winner over the next few weeks. Although 3.2 cents is a new target, I think there is much, much more upside, especially when we see Mpokoto come into play (if it is feasible and worth the options). Add to that this governments new-found friendliness to miners, as well as the shares in Broken Hill (although it has been going down with every miner lately, even though they recently DOUBLED their reserves...) and I see quite a few positives here!

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I just hope they offer to shareholders some of this 5m when they raise rather than the Aussies who tend to raise all the money for this company.

While companies fall over at the current price this little gem is well insulated and has a second run with Congo.

Looking forward to seeing the Congo project data released.

I haven't commented on this stock for a few years, but one of my pet hates are mining project NPVs that have been overstated by using crazy low discount rates.

10% is prettty much the cost of capital of a stable property trust. Applying the same discount rate to a mining project which has additional financing risk, development risk, commissioning risk, production risk, and obviously commodity pricing risk is a huge risk factor. So to adopt 10% is IMO bizarre, but NTL is not alone among companies using this discount for gold projects.

If you really wanted to get any sort of comfort around the NPV you would generally need to see all the sensitivities of the NPV to the various gold prices, and adopt a discount rate of at least 18% to 20%.

Also need to be aware that C1 costs (and development costs) are so low as intention is to toll-treat, so significantly reducing operating margins.

To give an idea of value attributed to these small scale gold operators, ORS on the ASX is producing from multiple sources, AND has its own production plant (valued at $15m), yet has a market cap of just $12m.

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Originally Posted by steve fleming

I haven't commented on this stock for a few years, but one of my pet hates are mining project NPVs that have been overstated by using crazy low discount rates.

10% is prettty much the cost of capital of a stable property trust. Applying the same discount rate to a mining project which has additional financing risk, development risk, commissioning risk, production risk, and obviously commodity pricing risk is a huge risk factor. So to adopt 10% is IMO bizarre, but NTL is not alone among companies using this discount for gold projects.

If you really wanted to get any sort of comfort around the NPV you would generally need to see all the sensitivities of the NPV to the various gold prices, and adopt a discount rate of at least 18% to 20%.

Also need to be aware that C1 costs (and development costs) are so low as intention is to toll-treat, so significantly reducing operating margins.

To give an idea of value attributed to these small scale gold operators, ORS on the ASX is producing from multiple sources, AND has its own production plant (valued at $15m), yet has a market cap of just $12m.

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Steve

Not sure 10% is that far off for a lower risk boutique mine. I would agree on the initial scoping study be previous managment but clearly the new team are working on a mineable to expansion scenario. ORS is an ambitious existing open pit producer having to resort to earning by processing A1 ore as its can only chug out 6500T at 6-7G/t. Not sure where you got the plant refurbishments gave them a 15M asset. CLearly the market doesnt believe that. With 1.x in cash and a major decline going on its a different kettle of fish and has a much higher per oz cost and is like measuring apples to watermelons.

18-20% is a little on the crazy high side. Financing doesnt seem to be that much of an issue for Heritage/NTL and they have continually stumped me with their ability to raise cash. Development risk on an existing on ore set of tunnels already developed is less than an open pit on greenfields sites. Commissioning risk I assume relates to a plant which is fair but they are likely to toll treat in imo. Production risk based on the info I can find suggests that with existing addits and on ore resources getting the ore out wont be an issue.

Clearly it will be the Bankable feasibility which shows the way for this little goer and hopefully the variability will be ironed out as it is important to remember its a PRE FEASIBILITY which is more accurate than the scoping study but 10-12% usually off what the bankable would be.


Cheers

Bullish

Holding NTL, NTLO, NTLOA

DYOR

The shareprice ticking along nicely, but perhaps hasn't moved enough to interest big purchasers yet. A bit of extra info at the tail end of this report from NZResources today.

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Pre-feasibility shows “robust” economics for Talisman mine

19 April 2013
The pre-feasibility study for the historic Talisman gold-silver mine at Karangahake at the base of the Coromandel Peninsula showed the mine could deliver a cash surplus of $23.4 million in its phase one development.
New Talisman Gold Mines Ltd (NZX & ASX: NTL) said in releasing the report yesterday that re-establishing a mine showed there were robust C1 cash costs of $US588/ounce and C3 cash costs of $US1,075/oz.
The pre-feasibility showed that in the initial five year start-up, Talisman would generate $68.2 M in revenue, with an initial capital requirement of $5.4 M.
Peak annual output was projected at 12,115 oz of gold and 36,000 oz silver.
Commenting, executive director Matt Hill said: “This finding is a very positive step for the company’s plan to re-open the Talisman mine in the world class Waihi gold district.
“The pace of work has stepped up so that the project can get underway once detailed mine planning and permitting has been concluded. The development initially of a small low impact high grade gold mine sets the platform for the exploitation of target areas for future phase two developments”.
Previous underground drilling and sampling delineated a resource of 204,760 oz gold at a grade of 6.9 grams/tonne and 798,840 oz silver at a grade of 27 g/t.
The mining operation examined in the pre-feasibility study involves only part of this resource, generating income with an aim to develop an extended operation. The measured resource was 212,500t @ 5 g/t gold for 34,000 oz and 27.5 g/t Ag for 187,900 oz.
Hill said work by the company identified several additional target areas contained in both remnant areas within existing workings and strike and dip extensions of the Maria and Crown-Welcome veins. Of particular interest was the Mystery vein, which has not previously been mined and which lies between the Maria and Crown-Welcome vein systems.
“Establishing that the new target areas contain economic mineralisation will require opening up of existing tunnels and new development within the underground mine as well as further exploration,” he said.
The company intends to fund this work with a small scale mining operation, focussed on the immediately available measured and indicated resources.
The projected cash surplus of NZ$23.4 M would come from milling 106,500t at a recovered grade of 9.4 g/t Au and 30 g/t Ag. A total of 32,200 oz of gold would be recovered along with 102,800 oz silver.
The Study found that the new mine plan is “conservative and achievable” with relatively low risk and would generate an internal rate of return of 83% and the payback period would be 2.5 years.
Gold was initially found in alluvial material at Karangahake, near the Talisman mine workings, in 1875. Shortly after, a gold vein was found at nearby Mt Karangahake and ore was being removed from the Talisman, Woodstock and Crown mines by 1880.
Crown, the last of the three mines to remain in operation, closed in 1928. About 37 kilometres of mine tunnels exist at Talisman, and 3.5 km have been recently explored.
Chairman Murray McKee said the mine development strategy set out in the report makes sound sense. Targeting the resources that have the highest level of confidence and are closest to the existing underground access reduces risk.
The study analysed a range of options on mining method, materials handling and backup services. The immediate development focus would be on resources adjacent to the accessible 8 Level drives.
On materials handling an option analysis was carried out on installation of rail bound transport systems underground compared with deployment of a fleet of small, rubber tyred loaders and trucks. Results demonstrated the flexibility of a trackless fleet, which would enable extraction of the resources below 8 Level through a series of small ramp systems.
For the initial five years plan, peak production was projected at 35,000 tpa for 12,000 oz gold per annum in years 3 and 4.
For ore processing, several options for processing included non-chemical gravitation separation, flotation and cyanide leaching.
Costs included in this study reflect the capital and operating costs for a dedicated CIL plant. The company was awaiting results of test-work undertaken by Auckland University and intends to embark on a bulk sampling programme and further metallurgical test-work to inform detailed design of the ore processing flow-sheet.
New Talisman was also holding discussions with a number of local gold producers to investigate the potential for a toll treating agreement. The mine is less than 10 kilometres from the Newmont Waihi Gold mill in Waihi. However, discussions in the past on toll treatment with Newmont had not progressed.

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felsic intrusion...sounds dirty

Felsic rocks are rich in minerals like quartz which are light in colour, and an intrusion is just by definition... if my memory serves me right atleast (correct me if im wrong)

:t_up:

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Originally Posted by bullish

Gr8 d*ck

You clearly have NFI. If you can show any other gold mine starting up with these returns for a mere 5.4m show it. Your math needs a little work 1380 less 1075 = much more viable than your opinions.

You are merely a downramper on this stock and not even a holder. It's sad really I've seen it many times bitter and twisted holders of stocks who cannot let go of their bitterness when stocks change to a positive momentum.

I just hope they offer to shareholders some of this 5m when they raise rather than the Aussies who tend to raise all the money for this company.

While companies fall over at the current price this little gem is well insulated and has a second run with Congo.

Looking forward to seeing the Congo project data released.

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......and you watch your mouth BULLS**T......Ive held this stock longer than your dick probably isnt! And yes Im still a holder BUT NOT a holder of breath.........in fact I cud take every buyer out in one swoop if I wanted so YOU get your facts right buddy or you might find I'll do just that for the hell of it!!

[QUOTE=GR8DAY;402610....in fact I cud take every buyer out in one swoop if I wanted so YOU get your facts right buddy or you might find I'll do just that for the hell of it!![/QUOTE]

I had to look up NFI. What would taking out every buyer do? Just drop the price temporarily? Its sort of hard to fly in the face of the research... Just wondering.

Hahaha I love the banter on this thread - it's way more exciting than the boring old Ryman thread.

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Originally Posted by Toasty

I had to look up NFI. What would taking out every buyer do? Just drop the price temporarily? Its sort of hard to fly in the face of the research... Just wondering.

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.....havnt bothered to look it up myself TOASTY......but he sure pushed the right buttons if that's what he was trying.!! (apologies to anyone else that might take offence....it was only aimed at one BSter).....and by the way I cud take out 10 times the buyers at the moment.....didnt realize there were so few! Dont get me wrong either I hope this co does finally come right.........I obviously have no reason to intentionally "DOWNRAMP" as was suggested.

great stuff! I look forward to the next report in june...potential for 1Moz!!!!

Great to see good communication coming from NTL - I hope they keep up good communication after a relatively quiet period.

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Originally Posted by GR8DAY

......and you watch your mouth BULLS**T......Ive held this stock longer than your dick probably isnt! And yes Im still a holder BUT NOT a holder of breath.........in fact I cud take every buyer out in one swoop if I wanted so YOU get your facts right buddy or you might find I'll do just that for the hell of it!!

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oh dear gr8ape do we need a hug. Go sell away your 750k shares oooooooo bow wow little doggy- they will be gobbled up. Seeing that you have downramped and put such sell threats in writing I am pretty sure ASX and NZX trading rules would leave you in a nice little cage.

I do my research unlike yourself.

Lets see downramper or not?
:confused:]

Lets look at the last few posts of diatribe without one bit of rational thought. Banana anyone?

ALL FROM GR8APE

.......WHY AM I NOT SURPRISED?? WITH THE GP PLUMMETING STILL, I DOUBT THIS DOG WILL EVER FIND IT'S LEGS AGAIN.......back into the bottom drawer for another 20yrs.......YAWN.
.......and how long have you lads owned Heritage for?.......oh sorry you might not have been around when it traded under that name?? LOL
........me too...........a long long long time ago (last century to be precise
....so you see $3500 worth of buy orders to 1.1c as reason to celebrate do you JUNIOR........better go give those rose tinted glasses a good clean I think laddy!!
.........buyers heading for the hills!!..........1.1c by end of day??
.......yawn. Gosh whats that pink thing flying past my window??
Now there's 2 projects to suck more cash from the gullible. Same old same old. Hasnt anyone told them the CONGO is one of the...
.......pretty obvious isnt it......just some try hard trying to lift the price to make himself look good (expecting others to jump in) and for the papers to report accordingly"


YOU ARE NOT HALF BITTER AND TWISTED. 20 years holder hmmm. SO YOU MISSED THE LIFT WHEN HERITAGE WAS IN URANIUM, MISSED THE LIFT WHEN THEY WENT TO AN ML, DID YOU JUST WATCH THE STOCK RISE ????? Cant blame the company for your flawed abilities.

I think new Talisman have done well and are as the thread is labelled are worth a look.

Im suprised the SP hasnt jumped a bit more given the recent announcements.... its more liquid which is people taking their quick 50%+ profit, but theres so much more than that here! Imma hold for the time being!

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Originally Posted by moosie_900

It's cause of the schlacking gold has taken this week, has fallen out of favour. If it can hold above $1400 tomorrow in US trading we should be good and start to see some retracement.

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Hopefully, I still think this stock currently doesnt follow the gold trend, but time will tell I suspect!

I reakon that if this stock 10 baggers, we should have an NTL get together and have a few!

We can even invite management :t_up::p

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Originally Posted by Dej

Hopefully, I still think this stock currently doesnt follow the gold trend, but time will tell I suspect!

I reakon that if this stock 10 baggers, we should have an NTL get together and have a few!

We can even invite management :t_up::p

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Count me in -what would it have to reach. .12cents?

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I reakon that if this stock 10 baggers, we should have an NTL get together and have a few!

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I'll be in for that (along with a couple of other mates that have been drawn in for the ride).

Here is a good read for you all, http://www.ohinemuri.org.nz/journal/...isman_mine.htm. Give's you an idea of the scale of this operation in the heyday and the yield that was coming out of the place. Also note that this was only 1 of 2 major mines on the mountain with the adjacent Crown Mine also producing a not insubstantial 350,000 ounces of gold.

Hopefully there is abit more in that mountain aye ;)

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Originally Posted by moosie_900

yup party indeed with gr8day as guest of honour lol. gold price just shot up over 1400 so will get some support next week :)

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......hey you can count me in Moose, just as long as I don't have to sit next to a certain person in need of some serious help!!

........damn, didnt get the "evil face" where it was to meant be.......you'll have to give me a lesson m8!

Quote:

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Originally Posted by Dej

Hopefully, I still think this stock currently doesnt follow the gold trend, but time will tell I suspect!

I reakon that if this stock 10 baggers, we should have an NTL get together and have a few!

We can even invite management :t_up::p

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Count me in as well. I now have a few shares in this company and read this site too often says wife. I do not live that far from the old Talsman mine as I am 15kls north of Morrinsville.

GR8DAY etc all are welcome!

Now that gold is back up aboce 1400, I want you to be right moosie!

Big macro forces in play.

http://zeenews.india.com/business/bu...wgc_74510.html

http://www.marketoracle.co.uk/Article39970.html

Interesting article regarding how we got to here with gold.

everyone else will be celebrating while you will be at IPO price given your a 20 year holder.............GFY

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Originally Posted by bullish

everyone else will be celebrating while you will be at IPO price given your a 20 year holder.............GFY

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unable to find GFY - is this ASX or NZX?

So is this get together going to be at the karangahake cafe and do we bring shovels, picks, ropes and lanterns plus a large cage for any unruly punters? Can probably get most of that in the Armstrong-Siddeley so see you there when the time comes.

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Originally Posted by majorbarejet

unable to find GFY - is this ASX or NZX?

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hey major its a term for gr8 not a stock...:)

http://www.miningweekly.com/article/...man-2013-04-19

Just another article summarising the first release

"Ore Reserves - The formal documentation and public report pertaining to the Talisman's JORC compliant maiden Ore Reserve statement are being prepared and will be released within the coming weeks"

Can someone explain to a novice like myself what is going to be contained in an Ore Reserve statement? I thought they already outlined their estimates for ounces achievable in this project?

Bucko, I don't know, but the industry puts a lot of faith in JORC resources. NI 43-101 reports are another standard, but don't necessarily have to include the amount of gold resources or reserves. Either report requires a lot of detailed work. Outlined estimates aren't good enough to secure funding for a mine development.

From NZResources today:

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Study for New Talisman paints positive picture for central African project

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Quote:

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22 April 2013
Auckland-based New Talisman Gold Mines Ltd (NZX & ASX: NTL) has wasted little time in promoting the development of its first project outside of New Zealand.

On Friday the company provided a technical and corporate overview on the Mkopoto gold project in Katanga Province of the Democratic Republic of Congo in central Africa.

Earlier last week it provided details of a positive pre-feasibility study for its long-held Talisman gold project near Karangahake on the North Island.
New Talisman said the Mkopoto project had an indicated-inferred resource of 7.171 million tonnes grading 1.65 grams/tonne for 383,000 oz.
The company said a pre-feasibility study was anticipated by June to target gold production in 2014.

Back in February New Talisman announced signing an option agreement with Netcom Global Inc to acquire up to 62.5% interest in the company which has the right to acquire an 80% interest in Kisenge Ltd Mpokoto gold project presently owned by Casa Mining Ltd.

Mpokoto is in the western part of the Katanga Province about 250 kilometres west of Kolwezi where a gold anomaly was discovered in 2005 by Kisenge.
The area has a history of exploration starting from the 1920s. Manganese mining started in 1950. Since 1998 some $US20 M has been spent on exploration primarily for gold.
New Talisman said the railway from the Atlantic port of Lobita in Angola to the Congolese border at Luau/Dilolo has recently been reconstructed by a Chinese consortium and reconstruction of the line between the Angolan border and Kolwezi is planned for the next two years
Work was underway to assess the possibility of converting about 150,000 oz from resources to reserves suitable for agglomerated heap leaching. This study should be completed by June.
New Talisman said that in addition to the defined resources, technical group Tetra-Tech estimates Mpokoto has potential for an exploration target of between 20 to 24 Mt grading between 1.5-1.8 g/t Au.
The Mpokoto project was established by Kisenge Ltd owned by Cluff Mining Ltd in 1998, Goldfields of South Africa acquired Kisenge from Cluff Mining in 2003 and sold to Casa in 2007.
The project is presently owned 80% by Kisenge Ltd, the balance of the project is owned by L’entreprise Miniere de Kisenge Manganese – a Congolese Government owned company).
NetCom acquired an indirect interest through Casa Mining Ltd, a private company with a diverse shareholder base.
Netcom and Casa will prepare, during the first quarter of 2013, documentation for conversion of the area containing the gold project to a mining and exploitation licence. It is anticipated a mining exploitation licence will be approved by the end of 2013.
Initially the project could mine and treat 750,000 tpa at a head grade of about 1.6 g/t.
Tetra-Tech estimates the capital cost for a 500,000 tpa operation will be about $US12-14 M. A feasibility study is planned for completion by the end of the third quarter. Construction could begin at the end of the wet season in May 2014.
Based on the studies carried out to date, operating costs per ounce for the project should be in the range of $US700-900/oz.

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NTL could end up with 50% of the mine, so will need to front up with only 50% of the startup capital. 20% of the project is owned through the Congolese government, which should help.

Some weird stuff around the gold markets at the moment. Just read this today. I didn't really like the comment that it possibly hints at more pain in the world economic situation...

http://www.stuff.co.nz/business/opin...rky-in-markets

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Originally Posted by elZorro

From NZResources today:
[B]


NTL could end up with 50% of the mine, so will need to front up with only 50% of the startup capital. 20% of the project is owned through the Congolese government, which should help.

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I agree could not have better partners if one is in the Congo. Interesting but subtle point while they will own 50% they will control the holding company thus controllingt the 80% side. Seems to be about as safe as one can be in the DRC.

The project is very similar to a project held by ASX:EXS

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Originally Posted by moosie_900

Tsk tsk, someone selling down when gold is on the up again and good news from the mine. Don't fight the trend my friend!

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Shut up Moosie---I am buying

Hello, I have just started share investing since January, and have been following sharetrader for at least 6 months. I offered 1.9 and unfortunately someone gave in just before 5pm, but I'm happy to be an ntl holder now :)

:)Hi errantnoodle,
Gratz on the first post. Welcome aboard. You have come to the right place. Is NTL your first acquisition? Hope you like parties because there is going to be one (eventually) Eh moosie.:)

Thats so last century, Moosie. So now we know for sure you are 27 or about to be. Remember I spent most of 1999 worrying if my computer was going to selfdestruct at Y2K. Now I face a more optimistic time with the likes of NTL, PEB, HNZ and PGW in my dotage.

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Originally Posted by moosie_900

lol, I am turning 27 this weekend. DEFINITELY going to party like its 1999 if NTL hits new highs!

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Dont worry it will hit new highs somewhere so you go for it. and gratz on the birfday.
Dont trip over your flamingoes. Gold is hopefully to hold at 1400 or above from here so we may see a bit of an
upswing this week

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Originally Posted by moosie_900

lol, I am turning 27 this weekend. DEFINITELY going to party like its 1999 if NTL hits new highs!

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I baked you a cake! :t_up:

http://www.cakeamerica.com/images/im...g-cake-965.jpg

Hi Moosie,
So you are turning 27. In sept we will share the same digits,as well as having NTL in common. Now have heaps[ years and NTL].Was suprised that I got as many as I did as at the time I considered I was putting in a cheeky low bid.Guess my bids just coincided with the collapsed gold price.

What is going on??? Am I seeing double,is the market mad or have I missed something????
NTL has a saler at 1.9 and NTLOA at 2 cents. Both have buyers at 1.7.

NTLOA is an option to buy the share in November 2017 or 4.5 years from now. So why not just buy the head. Can someone check that I have not missed anything??

Quote:

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Originally Posted by digger

What is going on??? Am I seeing double,is the market mad or have I missed something????
NTL has a saler at 1.9 and NTLOA at 2 cents. Both have buyers at 1.7.

NTLOA is an option to buy the share in November 2017 or 4.5 years from now. So why not just buy the head. Can someone check that I have not missed anything??

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For real growth to occur in this stock we are going to have to wait. So dont track the day to day changes, be patient!

http://4.bp.blogspot.com/-09Q9aLyaZB...0/patience.jpg

:t_up:

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Originally Posted by moosie_900

Stark raving lunatics they are! The stock is so illiquid no one really keeps track of their money. Place a bid then walk away really.

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Nevermind I straightened out the world by offering the 1.7 buyer some of my ntloa. He or she did not want many but it did clear the inverted situation up.

if only i had some spare cash....:t_down:

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Originally Posted by bucko

if only i had some spare cash....:t_down:

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Some coming in two days - hope I wont be too late

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Originally Posted by moosie_900

No one even coughing up as gold threatens the $1500 barrier again and all the other gold miners are solidly up today. This stock is a weird one...

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Still sticking with my statement, this stock doesnt change with gold prices given its not actually producing gold in the near future! I would like to be wrong given the gold correction, but it seems this is the case. :sleep:

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Originally Posted by moosie_900

Went down with the gold price, concordantly it should go up. It should not have as much effect as say an unhedged company like OGC, but if the price goes up/down those reserves are worth less/more in a sane world!

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It'll get there moosie, patience! :)

Dej - Those that have owned Heritage/ NTL shares for more than 15 years know all about patience and happy birthday moosie.

Only went down because not enough buyers to support the short term SP price gain. HGD / NTL has always had price spikes followed by the inevitable return to its status quo.

The day NTL / HGD share holders see a SP increase with a resultant sustained increasing price trend over 3 - 6 months will be a day worth celebrating.

Just planning a week camping trip for the spring, going to go down south and do some gold fossicking! thought seen as my investments aren't getting anywhere fast i'll get the ball rolling myself :) and maybe do a bit of hunting while im at it ;)

I'm thinking there will be a major rally in the gold price next week, the international news I think is going to focus on the debate whether or not to provide military assistance in Syria which in theory should bring some volatility to the US stock markets driving up the gold...if the trends follow common/historical sense which the last few weeks they have not been!

Quote:

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Originally Posted by moosie_900

Discussions with brokers on a placement were initiated with an agreed timeline for placement underway.

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Dilution? Sure all well we have an internation investor, but that does mean dilution!

( Not passing comment, just pointing out the obvious to spur conversation)

;)

so if they are working on the roading to the talisman mine and other infrastructure that must mean they are looking at setting up shop fairly soon i.e. next 6 months? maybe they should talk to tv3/tvnz about doing a NZ Gold Rush series ;) haha

another 6-8 weeks and theres going to be some real movement on this stick i am predicting! Bring on the June report!

Quote:

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Originally Posted by moosie_900

Silly Canadians:

http://www.mining.com/survey-canadia...-a-bank-64244/

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It just so happens that I am quite a fan of see-through yoga pants...

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Originally Posted by moosie_900

Yerrr, not so much me, my mother teaches yoga...

You stay away from her Toasty, she's a saint!

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From what I gather you are in the young category which could make your mum around my age..ish. I rule nothing out. Although Saint Mrs Moosie doesn't exactly have a ring to it...

Santa Mucia does though.:)
Sorry you must think Im awful. Just couldn't resist.
Noah Fence

Very clever Major, Santa (M)Lucia right? Are there some Catholics on the thread?

Going back to the post of a few days ago, the revelation that a Hong Kong based investor is interested in the Talisman Mine operation, is great news. From the company's point of view, it would be much easier to work with a few major investors, than hundreds of smaller retail investors. Of course the retail investors collectively set the level of the stock price, and dilution through a PP is not so painful if there has been a good capital gain on positive news in the meantime. OGC has used this method quite a lot.

But NTL could quite easily move from talking about mining, to mining in the short-medium term. This is where the big capital gain will come from. Cash in the coffers will speed this process up, so I'm all for the ongoing discussions with larger investors.

nice - what will you play to signal a buy, "Rocket Queen"? :)

There is a 'hold' recommendation in this week's The Bull '18 stocks to buy/hold/sell', saying main focus is the DR Congo project.
Not sure about this recommendation as the recommender is Warwick Grigor of Canaccord Genuity.
(And he also says to hold PEN, surprise surprise.)

Quote:

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Originally Posted by moosie_900

Interesting price action today. Admit it, who's doing the shooting? Major?

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Aint me, but it making my moderate parcel look good on paper :t_up:

Quote:

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Originally Posted by moosie_900

Same here! Gold ain't looking too healthy today though, Asian trading making up for North American losses on Friday.

DISC- Holding, as always, and waiting for Mpokoto, some near-term mining and this mystery Asian investor!

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Do you watch Jungle Gold on Discovery channel, moosie?

dem chinese miners be cray cray!

Quote:

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Originally Posted by moosie_900

Interesting price action today. Admit it, who's doing the shooting? Major?

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Not me -I'm long term hold for 3 bucks remember with quarter of a million. :eek2: tui

oh joy

but on a positive note, these funds are being used for the Mpokoto project, hopefully there is going to be another announcement regarding that shortly to counter the negative effect of the dilution.

June is the next report they are releasing with, i think it was some of the final drill results and other reports about talisman which are expected to be quite positive so I dont think this downward trend will continue for more than 2-3 weeks.

NZResources didn't have much to add today.

Quote:

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Big placement by New Talisman

24 May 2013
An allocation of almost 50 million shares has been made in a placement announced yesterday New Talisman Gold Mines Ltd (NZX & ASX: NTL).
A total of 49,410,000 fully paid shares have been issued, at an issue price of $A0.011 ($NZ0.0139) each, under both NZX and ASX listing rules.
The company said the raising produced $A543,510 ($NZ543510) before expenses.
The funds will be used to progress the Mpokoto gold prospect in the Democratic Republic of Congo and for working capital. New Talisman, which holds the Talisman gold project at Karangahake near Waihi, recently took up a right to the Mpokoto project where it was earning 62.5% and the right to lift its equity to 80%.
The latest placement takes the total issued shares in New Talisman to more than 528.8 million.

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Just over a 10% dilution, to keep things moving - I would have thought that by now we'd be seeing a bit more detail about how the Talisman Mine is going to be developed, timelines etc. Although I know nothing about the Mpokoto project, perhaps cashflow from there is quicker.

Still with us moosie?

Quote:

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Originally Posted by moosie_900

I'm still alive and kicking ;)

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I thought, just for a punt, ill put a tiny order in at 1.2.... lol that worked?

Quote:

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Originally Posted by moosie_900

lol, looks like you got your wish there. Lucky buying in that low!

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Just adding to my holding already, but was a nice little top up! :t_up: Expecting any news soon?

Report is out

im brimming with optimism

Nothing stands out in ther report, pretty much what was expected. Which is good, atleast they not underpreforming :p