Funny how the first highlight identified is completion of a capital raise. It still seems like its the number one business objective.
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Funny how the first highlight identified is completion of a capital raise. It still seems like its the number one business objective.
a golden opportunity to get the full mining consents....
https://www.nzherald.co.nz/nz/news/a...ectid=12321567
"Creating jobs
Meanwhile, ministers Shane Jones, Phil Twyford and David Parker were all looking at how to get the jobless into jobs with "shovel-ready" projects, she said.
Work was also underway looking at how to speed up consents for development and infrastructure projects.
Robertson said a list of projects was being worked on.
The country's GDP could drop by as much as 17 per cent while unemployment could reach double digits, he said.
The prediction of 30 per cent unemployment by some economists was "extreme", and showed how uncertain the future of the economy was.
He said rent relief for commercial businesses was under discussion, and more will be said about that in a couple of days."
Gold may be where its at, this from the Aust Institute of Company Directors
An optimistic COVID-19 scenario as a base case
The following is an optimistic scenario as a base case from which to build – amend, add to and update as circumstances change:
• Australia succeeds in containing the pandemic to a fraction of the population (less than one per cent or 250,000 infections for the whole of the ‘curve’) through effective mitigation strategies.
• The pandemic peaks in Australia in May and is on a steep 8 to 12-week decline. New infections reduce to less than one per cent of peak infection rate in June and continue to reduce.
• Governments in Australia contemplate lifting social distancing restrictions in July 2020 and in an orchestrated fashion, key elements of the economy come back online.
• An effective vaccine is ready and the population is immunised by the end of October 2020. Most elements of the economy are free to begin operating again by December, though severe restrictions on international travel remain to contain reinfection by incoming international travellers.
• The Federal Government has ensured access to capital remains abundant and affordable. The market begins to reinvest in rebuilding the economy. Steep growth in recovery through first three months of 2021. International trade recovers quickly.
• An expected, more realistic, scenario sees the above timeframe stretched out to second quarter or third quarter of 2021.
• A pessimistic scenario sees the failure of government initiatives to contain the pandemic and an 18-month delay in vaccination of the general public in Australia. The fabric of the economy starts to come under significant stress, supply chains have to be rebuilt from scratch given the loss of so many links in the chain. Full recovery envisaged over a period of years rather than months. The economy slowly recovers from a hard reset.
From the quarterly report for the quarter ended June 2019:
From the following quarterly:Quote:
Work continues on the resource consent application for full mining. It is expected that thisapplication will be lodged in the next half year to allow sufficient time for processing to ensurecontinuity of the operation on completion of the bulk sampling programme.
Then in the very last quarterly, which is supposed to have been after the consent application was lodged:Quote:
Work continues on the resource consent application for full mining. It is expected that thisapplication will be lodged in the next quarter to allow sufficient time for processing to ensurecontinuity of the operation on completion of the bulk sampling programme.
GrrrQuote:
While much of the required information has been quantified through the underground rehabilitation, 3prospecting and test mining programme over the past 2.5 years, there are some aspects that needaddressing by subject matter experts and these are currently being sourced for availability and costestimates.
I'd be interested to know what people value this stock at once we receive news of a processor of ore and susbstantive work done on the RC for full mining? You could throw the JORC peer review in the mix as well.
I reckon fair value of about 1.5c or 40 million Market Cap for lowish volume and more like 2+ cents for higher volume of processing.
1.5 - 2 would be an easy jump IMHO
Just look at what BLT's done in the last 12 months
If Matt and the team can get it producing in the next 12 months it will be a boomer. POG nearing 3k NZD and most are calling for it to go a lot higher. Some are also saying in the next 3 - 5yrs it could possibly be tied back into the dollar causing it to sky rocket in value.
From my research it is near impossible at the moment to find let alone buy physical gold.
At this rate the ore the mine is producing is likely to be able to be sold at a good profit.
Thats just the thing, I have been thinking that for years. Bulk sampling was supposed to be years ago!
It always seems like every year we are about to get something out of it, and then it just... doesn't happen. I was damn near certain we were supposed to have seen the pilot plant actually used for some minor gold extraction to be sold, in addition to feasibility checks... why hasn't it? The goalposts really do seem to shift every time (or new ones appear). I am starting to get pretty cynical unfortunately. You said you had spoken to Matt directly - you don't have to go into detail about the talk, but did you really get the impression that we will be getting revenue of any form in the near future?
When are the bonus shares from the last C R to be released/issued into S Hers hands ?
To be honest I only have shares in both BLT and NTL (sold everything else last year) so currently I am still in the green and very happy BLT has gone up a hell of a lot and NTL is not moved a lot. Can’t say the same about a number of the so called “safe” shares of late. So for me that hopey, changey thingy is working out bloody well.
Very soon they will issue the bonus shares and I will be even more happy as shares around the place continue to crash.
Then the company release some good news and bingo 😉
JT are you holding or just stirring?