Hold my beer
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The original Talisman COY drove a level on the Roderick Dhu and did not pursue serious development on it. I'm not sure of NTL's intentions but if they wish to develop it further that would be a fair while away both in time and $$$. The current drive is almost at river level down by the Crown Mine.
I suspect the Roderick Dhu reef is being used to drive up the resource numbers.
Are you trying to undermine (pun intended) the Peer Review? I guess we should just believe Rosco and not the real experts. Conjecture about grades and defined Resource is done. Independent, industry best practice has verified it.
And by the way, any decision made years ago about viability is null. The POG has changed everything. Parts of the mine will be more expensive to extract from. NTL just needs to take the easy pickings first. There are plenty to take.
"Hold my beer, well a beer in hand may be worth more than gold in the ground " more laconic humour... great reading... better than punch..
I dont doubt the gold is there. Im just saying that its not so easy to get. There will be millions of ounces in the mountain no doubt. Whether its accessible or not is another story. Just focus on getting gold first. Not all this flossy stuff. We need to be generating some revenue asap whilst the POG is strong.
Robust debate and terrible humour - a perfect day.
Am I correct in saying that NTL still has the Annual Report to release either today or tomorrow? The latest announcement just seems to be the JORC review they promised late April.
Terrible humour? You mean terrible stock?
As I have no real mining knowledge, or any inside information, I will continue my attempt at humour.
NTL is like beer, but at the moment a frozen beer. You cant access the good stuff. There is a chance that when you do (it defrosts) it might not be as good as what you thought it would be when you put it in. If its a glass bottle variety (Im thinking a nice Hoegaarden), the whole thing may explode and need to be disposed of with no benefit, but.... in the miracle it survives the freezing process, it may be brilliant, and make us happy.
Hopefully NTL ends up being a Tui, maybe a craft brew, or a Hoegaarden. After playing this share for 15yrs, I sadly have less appetising brown taste in my mouth.
NTL you can do it, longest fermentation Ive ever seen!!
Back to work now.