1 cubic metre of ore is about 2.5 tons. So you only need .4Mcubed of ore for 1 tonne. Topsoil I do not know about, that is a lot lighter than ore I guess.
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Not even a teaspoon. Gold is quite heavy. 5 grams of gold would be about a 1/3 of a teaspoon :)
In fact I just checked and got that wrong. 1 metric teaspoon of gold weighs 86.55 grams. So 5 grams of gold is about 1/17th of a teaspoon.
Luckily for investors gold is sold by weight and not volume.
The assaying is simply a way of determining the quantity of each element in a sample,and has nothing to do with the performance of the plant.NTL have advised that they have put high grade ore through the plant,so the assay results should get a few people to wake up and say wow,if they can get close to 20 g/t it would certainly put the mine in the top 10 highest grade mines in the world.
Such a question: the 2015 annual report identified a commitment to reduce director and executive remuneration. These then doubled in 2017, from $250K to $500K, after a very modest drop between 2015-2016. What can current directors promise regarding their recently announced goal of reducing these costs?
This from a month ago.
I still haven't seen an SPH. I can only assume that none of the Directors bought anything in the SPP or shortfall, as any newly purchased shares should have been disclosed by now.
That speaks volumes to me.
Perhaps someone at the AGM could ask why?
Just four business days till the AGM.
Did I read (or did I dream it??) that our board hoped to have some gold to show at the AGM?
The VWAP price today was only just short of 0.8, at 0.799c Sellers at 0.8 are thinning, only about half a mil shares there, but can't quite seem to get to 0.9
A good assay result, or even better, some actual gold, should put a rocket under the SP. I suppose the Co would be obliged to inform the market as soon as they have some gold - they couldn't keep it as a surprise for the AGM, could they?
If any one is interested, I get the VWAP from https://stocknessmonster.com/trades/ntl.nzx/
My brokers, ASBSEC, only give the figure to the nearest 0.1c, not sure what other brokers or sources do.
P.S. This associated page https://stocknessmonster.com/quotes/ntl.nzx/ gives details of each trade. Why on earth would someone buy just 20 shares?? (Part of a bigger order, I think) But there were other trades today worth $2 and $5. Beats me!
Yes board is planning to have Gold on show. I am wondering if they will save any announcements until the AGM. The shareses effect is a bit of a crazy thing at present. Buying and selling a couple of dollars worth although with a bit of positive movement I think it will gain momentum in the right direction. Both NZX and ASX are holding at .008
bit of a jump in trade, Someone has cleared out the last of the .008 hopefully the good news comes throught this arvo. getting sick of waiting... :t_up:
Someone's even dusted off NTLOB options!! 143K brought at .005