This should be called the Gunna gold company, they have been gunna extract some gold for 20 years by the numerous reports, and after all this time they have produced Yep Sweet FA.
Printable View
This should be called the Gunna gold company, they have been gunna extract some gold for 20 years by the numerous reports, and after all this time they have produced Yep Sweet FA.
Griffin
not sure what your smoking ..... clearly you dont understand mining companies particularly exploration companies.
Since December 12
- Scoping study complete
- Doubled market cap
- Prefeas complete
- Mine upgrade complete
- Key engineer on board
- Acquisition of a solid Africa project
- Increased resources with Africa to a jorc 500k oz
- raised a bundle of cash and put it to work effectively
Cant see one other NZ gold miner that has done so much is such a little amount of time on a low cash base.
Cannacord must like this co as it seems they have as always been able to raise in a climate where no juniors have.
Moosie gets it. Junior miners work exactly like this albeit most would accomplish the above in 2 years!!!
Patience people. Next value point shoudl be Africa Pref or Talisman mine plan and bankable feas. On the down side they will need to do a large raise to start production but such dilution will be balanced by starting such production.
DISC: Holding NTL, NTLO, NTLOA and buying on weakness.
DYOR
Anyone who is in this stock for dividend reinvestment plans versus capital lifts is missing it, there are no 10 baggers in buying BHP!!
There are those possibilities in Juniors but such comes with risk.
Given the huge risk in explorers transitioning to developers it appears NT have done well thus far in recognising they needed different skillsets resetting their strategy and going all out and gaining traction in a lagging gold market.
moosie whats your bet rights issue SPP or a placement we all miss out on to get these mines going?. I personally am happy to take on the dilution if it gets us to production on one or both these assets. I hope its a rights issue with a bonus like they did last year I think.
DISC: Holding NTL, NTLO, NTLOA and buying on weakness.
DYOR
They will need to find the $ somewhere though or it will be a very very slow ride to producing.
The only way forward for NTL is to find a partner to help fund full development and for some reason they are not having any success in doing this.Most long term share holders will not part with cash as they have done this several times over the years and probably get the feeling they are flogging a dead horse.
Hence a lot of sitting on hands for me at moment. Falling knife and all that.
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
you guys rekon NTL could be valued the same as OGC once this mines operational???
I cant wait till December...hopefully when they release this report its going to feel like Christmas came early :D
And hey NTL Where's the major investor from Hong Kong.
Those are very high bonanza grades in the selected ore they sent to SGS from Talisman. If they have plenty of that grade, it doesn't matter what the gold price is.
How many grams per ton is the highest grade in that ? I defer to you and the golden moose to translate.
From my read they are very active and even where gold looks are moving milestones while everyone else is shutting stuff down.
What's your guys view. I like that new tal are focussed.
Anyone know these guys running it?
I cant believe this- 1.02% from pra 4-6 is 10200 ppm. 10200 ppm = 10200 gr per tonne. 10200 gr per tonne = 327.97 troy ounces per tonne. (10200÷ 31.10( gr to troy ounce)=327.97) 327.97x POG 1250.00= $409,962.50 US per tonne. At that rate they wont need any machinery - they can just walk in and out with a couple of buckets every day. Thats what I make it anyway but could be proved wrong. E&OE:)
Lucky you. How far in the mine was that ore from yankiwi? Easily accessible hopefully so these guys can get us all some $$$. :)
[/QUOTE] better not remind the Mrs that those quartz rocks in our flower garden have more than visual value! ;)[/QUOTE] Dont forget to take them with you if you shift houses otherwise you may start a mining exploration boom in your district if someone digs them up in years to come.:)
And on another note -Moosie must be gobsmacked speechless with these grades- either that or he has shot up there to give them a hand - haven't heard a word out of him.:) Maybe he's in your garden?
Here's the news release from yesterday, for those who missed it.
http://www.asx.com.au/asxpdf/2013070...44jq96lzrs.pdf
The ore samples were from a Bonanza area, so would have been removed directly from a quartz vein inside the mine, and picked because there was strong visible gold or other indications of a good result. Nothing wrong with that, but they won't be representative of the whole mine. Coromandel gold mining of veins historically yielded an average of 3oz/tonne, anything over 1oz a tonne is now regarded as a bonanza grade. The samples NTL sent in ranges in yield from a low of 30oz/tonne to 300oz/tonne (10kg of gold in a tonne, a tonne being about half a cubic metre of ore).
The gold price has dropped a bit, but is still in real terms at least twice what it was worth when serious mining last stopped at the Talisman Mine area.
Majorbarejet is right, the highest sample grade mentioned, about 1.2% gold (those sorts of results usually apply to copper or base metal mines) would in theory mean that if you sent a small wheeled vehicle in, and it returned with half a cubic metre of ore at that grade, there would be US$360,000 of gold within the load. Plus about US$6000 of silver of course.
I would like to hear a bit more from the company, about how they're getting on with planning on the mining equipment for New Talisman, but at the same time happy enough to hear they have dropped the idea of more immediate funding for a heap leach project overseas. We have enough gold to work with right here.
I found this older writeup from Heritage Gold on the BM37 bonanza vein. It's from May 2005. See page 21.
http://www.nsxa.com.au/ftp/news/021717271.PDF
The crosscut was taken directly from the tunnel wall, and had a grade just under 30 oz/tonne. There's also a photo or two from when limited mining was established, using a Bobcat and a trailer pulled by a small tractor.
More detail from a 2004 writeup on the BM37 crosscut. The gold appears as small grains surrounded by sulphides, not obvious, but very high grade. No mention of how extensive this area is.
http://www.nsxa.com.au/ftp/news/HGD272004125238.pdf
mpotoko update at the bottom of the last release, moosie.
Im with you major. It appears from their first announcement and second on congo that they would get a PFS around the same time they decided to exercise to take control. That sugggests to me that the Netco company mustnt have completed the study if it says DD could not be completed.
Major do you know anything about the managment team?. It seems they have really changed this co.
only what I have learned from this forum and from company reports for ntl and heritage. Bullish, you must be the one closest to the actual mine itself, anything going on there, any word around Waihi? Good to have a " man on the ground" so to speak. Seems all go, great grades from the samples although I would suspect they are the really good ones only - would get a better picture if they put them all in. Smallest is 300g/t - would be more revealing if they put in how many samples contained under 2 g/t which I understand is sort of a benchmark for viability. :)
woohooo go for it NTL 1.8 cents gone through. Moosie you must like those grades....:)
I've been considering buying some NTL, but in the back of my mind are some greenies standing in front of the bulldozers like Bathurst and Glass Earth.
I was wondering if any of their mines are likely to be under the spot light, or have they not got any conflicts.
Hello from Monte Carlo!
Good news I see all around! Would be nice to see this price maintained though before we get our hopes up. If I remember correctly we saw someone buy small amounts to try ignite the price many times in the past, so don't get your hopes up to soon!
What is known as a FOMO moment (fear of missing out ) close relative of another common modernday saying
FONK (fear of not knowing) -both are drivers of the modern youth via social or in some cases unsocial media
Thanks very much- keep us posted and have a great time. Presume you will be buying into
NTL with all the winnings. Where did you park your yacht?:)
You'd have to think that access to Newmont's mill at Waihi would be very useful. Maybe the higher grades they found mean that they're able to offer a bit more for treatment at a mill. It sounds like Stuart Rabone is sending his ore there, from Broken Hills mine. The Broken Hills ore is certainly going somewhere in Waihi, according to a recent press article.Quote:
New Talisman in talks for processing Talisman ore
12 July 2013
The company holding the historic Talisman gold mine at Karangahake is continuing talks with New Zealand and Australian miners for treating its high grade gold-silver ore.
In an update statement this week New Talisman Gold Mines Ltd (NZX & ASX: NTL) said it was looking at options for toll treating ore from the planned re-opening of Talisman which was one of New Zealand’s major historic precious metals producers.
Karangahake is only a few kilometres from Waihi where Newmont Waihi Gold has a major gold plant for its operations. However, talks in the past have failed.
The company’s pre-feasibility study on Talisman was completed in March and this identified the opportunity for a small scale mine as a precursor to an expanded operation.
As reported before, New Talisman said a small scale mine would provide a low risk approach to rehabilitating parts of the mine and establishing operations to generate short term cash flow while undertaking further evaluation work to increase the resource base.
A feasibility study on Talisman is the next step in project development.
As an integral part of this the company will undertake a metallurgical sampling programme to recover bulk ore samples from the resources targeted for early mining.
Executive director Matthew Hill said planning for this stage is now complete and has been presented to the board.
The work programme consists of three parts namely establishing the surface infrastructure to support underground operations, refurbishment of the underground workings to provide safe access for sampling, and metallurgical sampling via a series of small drives developed on the ore.
Rock specimens from the BM37 Bonanza zone were sent for chemical analysis at SGS New Zealand’s Waihi laboratory and provided significant gold and silver assays.
Hill said an independent geometallurgical report on these rock specimens suggests testwork to assess the “recoverability of gold via gravity concentration and flotation methods is essential.”
Negotiations with consenting agencies for the planned low impact bulk sampling are progressing.
Hill said funding discussions for the “low capital required for the bulk sampling phase” have begun.
Hill said: “It is a clear advancement of the company’s steps toward production in a climate where other developers are unable to advance their projects particularly in NZ. With considerable flexibility in the high grades of Talisman the project appears well shielded from the current depressed gold price.”
On the other hand, if the vein grades are consistently very high, a quite small milling system might not be too hard to build up.
Hello from Paris now!
Managed to pay for half the hotel room in Monte Carlo on black jack, had a man next to me betting 1000 euros a hand which was astounding! Put the roulette bet down but no good! Good thing it wasnt my whole budget! Good fun though, definately recommend it! The glamor and wealth is fun to watch and day dream about!
Seems NTL gas dropped away again but as expected. I feel im going to hold until atleast early mext year before I concider anything. Got to give it time to mature. So this price fluctuation doesnt bother me!
Wont be back in NZ for another week or so, so keep the support up while im gone ;)
:blush: Trust you are planting a fig tree, Digger
digger, you are up near the mine arent you? Heard any gossip in the local rags?
Been lazy ---haven't looked. But will do that In the next few weeks as we go walking past the mine sometimes. Last year we went into the beginning of it.
You can see the big advantage that opening an old mine with new research has as all the miles of rock face is open to examine, so high grades should be much easier to locate.
Am planning to go to the AGM. Anyone else thinking along those lines??
Here is an old 2003 report on Heritage Gold. There is a bit of a mention about Onemana grades in the downloadable PDF (Newmont has that area now) and a mention of Waihi North (Newmont/GEL have looked there since).
Of more interest is the BM37 hotspot at the Talisman Mine. Massive grades there, well known 10 years ago or more.
http://www.eagleres.com.au/reports/i...ritage-gold-nz
Just shy of 5 million shares traded in Oz yesterday (and reasonable volume here too) - this is the highest volume for a few years at least.... no movement in SP either side of the Tasman though....
Maybe a sign of something interesting (finally) afoot...??
Has NTL gone mad????????? Timeframes on expected results, I almost fell off my (soon to be gold encrusted) chair
Totally agree el z. Thanks for your recent research. Looks like the heritage of old is gone and been replaced by a go get em style approach to this mine. Even if there are a small number of ounces in bm37 that should carry them through even a major downtrend in gold price.
They will need to fund it now I suspect a placement but one can always be hopeful for a rights issue with a free option. Those last ones traded as high as 1.7 cents!!!
What's your take? You seem to know this co well.
I'm afraid I don't know this listed company very well, compared to another one I've looked at for a few years. This experience is partly why I like the comparison.
Those BM37 grades are very good, it will cover a lot of costs if there is a reasonable amount anywhere near that grade. I like the recent activities report, (those few words about lining up suppliers of equipment, these are not words Heritage mentioned very often).
http://www.asx.com.au/asxpdf/2013073...mdp8n4hcxg.pdf
I see what you mean about a rights issue. Yes, that would be attractive if there was, say, a 2 year right to options at a price about 50% above a private placement share issue. There might be quite a clamour for the shares on that basis. If this is what they have in mind, there will be some good news popping out on a regular basis until the PP deal is announced. It would be easy to raise a few million if the shareprice doubled first, but I don't think they really need much capital for opening up an existing mine.
If management is already in contact with equipment suppliers, we could see some outlines of the gear that they hope to use, the techniques and the timelines for implementation.
The report earlier this year gave some figures for measured, indicated and inferred resources of gold in the Talisman mine permit area. I've ignored silver, but that helps.
JORC/Measured: 205,000oz at say $160 an ounce in ground = $32mill
Inferred: 197,000oz at say $50 an ounce in ground = $10mill
Indicated: 500,000oz at say $20 /oz in ground = $ 10mill
These figures are made more reasonable by the facts that the grades are good, the mine was abandoned when gold prices were much lower, and mining appears to be a strong option in the near future, with the possibility of using Newmont's nearby mill and plant in a batch mode. In any case, the initial quantities to be processed are small, and if they could handle it 100 or more years ago, we can surely do it better now.
If the gold in ground is actually worth at least $52mill now, it'll be worth a lot more when it's being mined. The geological potential of the mine area is somewhere between 0.55Moz and 1.2Moz. Great numbers for a boutique mine.
Its a quiet NTL thread these days... :-P
Agree Dej, we don't have much info to go on. I found this August 2012 community note, maybe there are more on the website. They intend to make a sand concentrate on site, which could be as basic as crushed rock from the vein areas, run through a VSI crusher. They mention using flotation and gravity separation elsewhere, in 2013. The mine is projected to be up and running within 12 months from now.
http://www.newtalismangoldmines.co.n...gust-20122.pdf
Bought in at 1 earlier this year if you remember (that fateful day) and I have been apart of the 1.1 purchasing as well :t_up: been holding though for just under a year now.
For me this doesnt really bother me what happens, its a personal interest stock for me. I find it interesting to be apart of something I enjoy learning about, and what a better operation than NTL since its boutique, and in its early stages!
Would be nice for her to start mining though, because atleast then we know 1 - 1.1 c isnt fair value ;)
Nicer volume today (all be it pretty much nothing compared to other stocks!)
try again- anyone going to the meeting in auckland on sept 19th. Expenses can be claimed if you are a trader according to my accountant.
I would go but I will be in Morroco at tgat time. Would be interested to know what is said though!
Hi Moosie, I should correct my previous post - while mining of maiden ore is projected further into 2014, the ore piles still around the mine and maybe some they'll remove while opening up the mine again, will be processed somewhere in Q1 of 2014. From the annual report:
The annual report says elsewhere that mine processing plant design will make up a big part of the work in the feasibility study. Looks like they see no major issues with getting the ore out from the mine areas. So within 6 months, the company should have some inwards cashflow from operations.Quote:
LOOKING AHEAD
It is an exciting year ahead for New Talisman with its core project heading
toward development and production. A Feasibility study has been
initiated on the Talisman Mine, which will provide both financing and
treatment options. The Board is enthused by the results of Pre-Feasibility
studies, which are currently under independent review by Hatch, a global
mining engineering company. With the first ore expected to be mined
by Q1 2014 and processing options currently being investigated, the
company is on path for maiden gold production in Q3 2014.
They still have cash in the bank, and from what I can see, good average grades for underground. Once those are being mined I can't see the MCap staying at about NZ$5mill. It'll be interesting to see how quickly the shareprice responds once there is news on gold cashflow. Maybe it's a good time to accumulate.
jeez, its dark in here
nah, just moved over here to get away from all the finer points of PEB and the fallout from the AGM. Will you be back for the NTL AGM 19th Sept. Hows Morocco?:)
I am leaving for morocco on the 1st of september (nothing like 24 hours of flying) and will be back 3 weeks later, so will miss this meeting but will definitely be at the next! I hope, one day, they let the share holders have a look through the mine or even just at the surface operations (obviously not many at the moment) would be very interesting!!
Will keep you all updated on my travels :p Like baller said, I love this forum too!!
have a great time - Ill post whatever I can glean from the meeting and will attempt to arrange a shareholder visit of some sort if there is nothing forthcoming. Of course its not all just about Talisman - there are all the side issues of broken hill prospecting, northland, the Congo and permits the other side of Waihi. The Rahu prospect looking interesting too. Plus gold seems to be holding up at the moment but you never know what that will do.
Looking forward to this but not so sure about going to the Great Smoke after the Wellington effort where I found myself at the airport standing under a large beam during the earthquake.:eek2::eek2:
hey digger hows the garden of eden?
havent an answer from ntl yet but its early days
3 coming so far :)
dej might be away though
no reply yet re mine visit - must be busy with AGM stuff
Anyone got a meeting notice yet?
No notice yet. Just thought I would hang out in this thread for a while. Its the only one of my holdings without a giant red down arrow next to it. Although I bought at 2.5 so that's already happened...
thanks for that toasty, thought I might have biffed it accidentally. Would be interested to know how you dont have a red arrow even though you bought them at 2.5 which I hope you mean .025. Have been picking up a few lately, one more batch and it will be 7 figures.
and dont forget the great grades earlier in the thread - at Waikino and Northland plus the cobalt in oz much bigger than imagined
Thanks team, would be quite cool to own 7 figures or be a top shareholder in a company, but you have to have serious faith in a company then. ;)
Tbh AHZ (asx) is doing me good at the moment, given I bought in on opening... First time in a long time I have owned more ASX stocks than NZX, nzx not doing me well.
basically its last years trading profit fed into one stock - after tax of course. No Porsches thanks but I might get a porch on the cave - then again I might not.:)
Wow I finally got your name Major!