Have to like how the NTL board's fast moves fixed the posturing Jabawokies on the Casino board over yonder
in one swift shot ;)
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Have to like how the NTL board's fast moves fixed the posturing Jabawokies on the Casino board over yonder
in one swift shot ;)
It's definitely good that they are going to give it a decent crack and see if there is a real fortune to be made.
And definitely good if the shareholders all participate.
I will be watching and learning. I like the real stuff, like how many 10 tonne truck loads of pay can be extracted and carted from the mine shaft each day?
That's not my experience in 15 years in the gold mining industry. 1% is a very low grade gold concentrate and typically refiners don't do dore they do pure gold bars. It's not to say there aren't any, but I do wonder if they meant smelter rather than refiner. Typically smelters are set up for copper / gold concentrates. One option could be blend NTLs concentrate with other ore, but trying to find someone to do that for such small quantities won't be easy.
As I said in an earlier post I wonder if the new plant will produce a much higher grade concentrate and that would be a real game changer as would probably give NTL more options.
Two very different propositions.
As I alluded to previously, one or two commenters gave a very good assessment of the recent ASX suspension issue. Others were way off and were extremely loose in their commentary regarding solvency and even erroneously naming Directors.
The continual reference to a 1% concentrate is curious.
Commenting is not something I want to be doing, but for goodness sake folks, take what you read on here with a grain of salt.
John Upperton
NTL Director
Wow. Have I read that right. The market disclosure re the cap raise is asking all shareholders to double down. You don't see that very often.
Am I missing something here?
So now we have a poster declaring it wasn't 1% concentrate, but 3%....based on an ounce a tonne of something.
Mystery vein has chip sampled at something close to an ounce of gold per tonne....averaging over 30g/t.
Someone seems to be conflating the two and coming up with 3%?
It's a Mystery!
As I said....take what you read on here from anonymous posters with a grain of salt.
John Upperton
NTL Director
Great when are you mining the mystery vein?
How much gold is there?
Chip sampled, wow there's something to bank. 🙄
Does the vein carry on? For 5M ? 10M? 100M or perhaps it just stops?
In which direction does it continue?
Seriously, act like a director of a company and be very careful what you say,.
As a shareholder you can get away with spruiking, not as a director.