Atleast shareholders now know that the Capital Raise is going to be concluded within the next 60 days.
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Atleast shareholders now know that the Capital Raise is going to be concluded within the next 60 days.
Another step forward. If DOC do come to the party, then I would expect the CR to go well - depending on where they pitch it, and for how much they are seeking.
Go Jonu go!
I think the mention of refiners producing dore from the concentrate is interesting.
It means rough mixed gold... google it l wonder what the CR price will be? .02?
Dore is what some mines produce to send off to the refiner. Typically the ore is treated to produce a low grade gold alloy bar, what I was used to seeing was about 65% plus gold.
That's then sent off to a refiner to smelter into 99.99% or 24 carat gold bars.
That's why I find it interesting that a refiner is referenced. Refiners in Asia do take concentrate, but typically it's a lot higher grade than 1% from my experience.
This is quite an interesting article. As I thought, typically concentrates of this nature are copper / gold concentrates which most smelters are set up for.
https://www.ausimm.com/bulletin/bull...marketing-101/
Any thoughts on what dollars are sufficient to cover capital expenditure and operating costs. That is, capital raise expectations?
Positive news for sure but where is the processing site? If not at the mine then 100 tonnes cartage a day along the access road is potentially problematic. No doubt Jonu has this covered?
I find it interesting that in the last capital raise that was supposed to get the company mining by the end of 2023 that there was no mention of buying a plant.
Have a look back at what was promised then.
406663-388496.pdf (nzx.com)
Grooooaaaaaan..:t_down:
Quarterlies come out end of 1st month following end of period, so likely to see end of July. I think we will know more sooner than that, as CR (IMHO) will happen as soon as they get (assumption is the...) DOC sign-off - use the positive energy of progress to get us in a gold fever frenzy. Historically CR been at a discount to the VWAP for the previous month (off the top of my head), and we been bubbling along at low to mid 2c for a few weeks - so my guess if they will try to get it done at 2c. Likely with a promise of final CR - ha, no one ever knows the future.
Big change is having to buy the plant, I always understood that 3rd party was desired route, in which no up front cost, just pay for processing. Now, buy it, install it, run it, maintain it.
DISCL: I have sold down a little to allow myself to participate in the CR - assuming all looks good.
Will be interesting if they offer options for future share purchase as I recall they have done in past .....
Have a good feeling about NTL..finally. :t_up: