Thanks Moosie. Its been so quiet I suppose you had trouble finding the NTL page. Should be some news in the next week or so.:)
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great time to snap up some more shares then :eek2: almost down to the 1c again
Moosie , are you not trying to have it each way? If the prefeasibility as you say it is going to be positive then buying should be now. We can hardly hope this report will be supportive of a higher SP and at the same time wait for it to drop so you can buy in cheaper.
somethings up - any ideas moosie
thanks for the link - forgot about that nzx link:)
All go by the looks- IF.
Seems these guys are bucking the trend. All other juniors or even mid tiers are shutting down projects dumping ground and sending staff home. I am quite pleased with the activity to date. NTL is a far cry from the old heritage and appear to communicate only when they have made progress or are about to. I sense there must be something going on re Congo as we haven't heard any update while they do due diligence, and with Gold plummeting which effects low grade plays first I wont be surprised if they hold for a minute.
The great thing about their Talisman project is they have high grade ore which in a plummeting gold price environment allows companies to drop their cost per ounce by as the say by their tagline "going for gold".
Underpriced in NZ based on Aus price of 1.2Cents. Seems the Aussies are taking the lead on this co for once. Once Gold starts trading within a stable again we should see it stabilize but short term it certainly looks gloomy and impacts all gold juniors. Somehow these guys go up while everyone else craps out. Go NTL.
Moosie what was their price per Oz? It would be interesting to compare to Oceana and GEL to see how low it can go before these guys are impacted (assuming Feasibility doesn't change cost of ounce too much!!)
DYOR
DISC - Holding NTL NTLO NTLOA and buying on weakness.
http://tvnz.co.nz/business-news/gold...ar-low-5477873
hopefully we see a gold rally....say around december time when the next major report comes out ;)
NTL defying gravity today - so far
http://www.webelements.com/gold/uses.html
Hardly a useless metal.
From the 2013 Annual Report
Northland Gold and Base Metal Project, NEW ZEALAND
Wholly owned subsidiary Northland Minerals Ltd has reviewed historic
exploration data for its 1188 hectare Exploration Permit in Northland,
New Zealand. The permit covers an area of seafloor basalt, intrusive
dolerite and associated seafloor sediments, (Tangihua Volcanics) that
have potential for the discovery of gold-rich base metal massive sulphide
deposits. This deposit style is considered analogous to the “black
smoker” base metal and gold-rich deposits currently being researched
off the north east coast of New Zealand, often referred to as volcanogenic
massive sulphide (VMS) deposits. Overseas examples of this style of
mineralisation include Rio Tinto in Spain, Cyprus-style on Cyprus Island,
and Mt Lyell in Tasmania.
Several copper occurrences have been mined in the past but no modern
exploration has been undertaken in the area since the 1970’s. Previous
reconnaissance sampling by Northland Minerals showed that this deposit
style can host high grade mineralisation. Two grab samples of Mullock
from the Copper Queen Mine near Parakao demonstrate this potential.
The first sample comprised massive sulphide that contained 17.2g/t Au,
11.41% Cu, 28.2g/t Ag and 0.42% Zn. The second sample of highly
oxidized massive sulphide returned grades of 21.68g/t Au, 47.41% Cu,
48.6g/t Ag and 0.08% Zn.
The Company considers there is good potential to discover economic
VMS deposits in the permit using modern exploration techniques in this
underexplored region of New Zealand.
Not bad for mullock:)
Websters defines mullock as a: refuse earth or rock from a mine
b: earth or rock bearing no gold
I remain interested :)
Wholly owned subsidiary Northland Minerals Ltd