Nope - 1kg per tonne is 0.1%. Oh good I see you have corrected that. I'll now answer the next post.
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Can't recall myself or the company saying that. Can you assist? The bottom line is that by combining the published JORC and concentrate assay results one can calculate that by using a concentrator NTL can reduce the quantity of material needing to be transported to 1% of the ore quantity if it was transported from the the mine untreated.
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We have been talking cross purposes, which is probably my fault.
We started talking about the grade of the concentrate produced, not the reduction of ore volume created by the concentrator.
But anyway, I agree the Federation mining option could be viable with that sort of concentrate.
And apologies for the rigamarole
Cheers
No worries and cheers. It would be great hear in the near future that Jonu and Co are continuing to pursue the concentrator option. To me it's a game changer especially as it would nullify the protestor's main gripe of truck movements along the existing narrow road and bridge.
Bearing in mind there is already a low limit on traffic movements imposed on NTL by the regional council, the protesting trolls should get back under the bridge!
Seems furore around sail boats and Hector Dolphins has fired up the politicians from the Prime Ministerdown …..far too much red tape and bureaucracy holding the economy back and stuffing the country …..they going to get rid of that
No need to debate it now …just do it ….good for NTL …..we got to get that gold out for the country’s economic state no matter what
Exactly. It is very concerning that SailGP needed iwi approval to race at Lyttelton before DOC would give their consent. It's even worse than co governance! Same thing is happening at Port of Tauranga with local iwi delaying NZ's economic recovery. The system needs a massive shake up.
I think we need to acknowledge something really important. Fundamentally important for shareholders especially.
This is going nowhere until NTL practically demonstrates it's ability to mine real gold and sell it (#1), make a profit from selling real gold (#2), sustain mining and sales, at a profit (#3). There's so many profitable gold minors listed that are a better choice right now, it doesn't make sense to put too much, or anything possibly, into something that chins none of these bars.
I'm not saying that they won't achieve these three goals, but right now there's no evidence to inspire investors in any of them. In fact there's still barriers to #1, that have material uncertainty attached to it. Vault that hurdle and I think substantial investors may start to reconsider.
JMHO.
Off NTL topic but this sort of crap has been going on for years. We must be the laughing stock in other countries!!
https://www.nzherald.co.nz/nz/taniwh...%20of%20Tainui
https://www.rnz.co.nz/news/business/...in-investments
Any updates from the Board now the financial year cash neutral deadline has passed?
Originally, I think it was stated as being cashflow neutral by end of year, which was assumed to be 31 Dec 2023, then it was more clearly defined as end of financial year, 31 March.
Without the DOC consent - NTL remains in the red. Im sure Jonu and co are doing all they can to cut through the red-tape, but it will be tight. From last update, think they had 6 months cash in hand.
The Board will be busy getting the machine serviced.
This is the only place the cashflow is coming from.