Gold Rush: Alaska here we come!
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Gold Rush: Alaska here we come!
Woops yes indeed, silly me.
Or alternatively Gold Rush: Up North Cuzz
I love those programs! Im up to date with all of them. They are, infact, what got me into looking into goldies on the ASX such as PGI. That returned me around 30% quite fast at end of January, but what I was more interested in was the updates you got sent. If you are interested in that sort of stuff, the information is quite good.
I then thought I would bring the money home, and thats when I found NTL. Its now a stock that I can be apart of all the way through, from the beginning to end, rather than the ASX stocks which are generally pretty well established.
Just thought I would share my story :p whats nice about NTL is I am already abover 30% gains currently in a shorter time than PGI, but the stock is a lot more volatile. PGI trades a bit more volume than NTL. Im all for this little rocket ship!
Just imagine all the crap the people on those shows have to go through to mine gold - and it's still profitable. Meanwhile NZ is so much more accessible and secure.
Except for resource consent, compliance, etc... Although NTL say they want to start mining in little over a year according to their Annual Report 2012. The Annual Report 2013 should have some good bits and pieces in it for discussion on consent and approval because NTL started that process in 2012.
Thats just the hangover from the dual listing HGD had. They always released after the ASX opened.
NTL
28/03/2013 11:22
DIRECTOR
REL: 1122 HRS New Talisman Gold Mines Limited
DIRECTOR: NTL: Chair Appointed and Talisman Prefeasibility Completed
ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED (NTL and NTLOA or NTLO)
FOR IMMEDIATE RELEASE
Board Appoints New Chair / Talisman Prefeasibility Completed
New Talisman Gold Mines Limited (NZX: NTL) is pleased to announce that Mr J
Murray McKee has been appointed Chair of the New Talisman Gold Mines Board,
effective today. Mr McKee has been Acting Chair from 1st August 2012.
Murray McKee practices as a public policy and risk management adviser in
Wellington specialising in the emergency services and minerals industries. He
previously held operations management positions with a US offshore oil and
gas exploration company (1975-1987), senior management positions with Coal
Corporation of New Zealand Limited (1987-1995) and the NZ Fire Service
Commission (1996 to 2012). He was Chairman of the Coal Research Association
of New Zealand (1995) and a councillor on the New Zealand Minerals Industry
Association (1993-1995). He was a ministerial appointee to the New Zealand
Conservation Authority for two terms and has served on both the West Coast
and Tongariro/Taupo Conservation Boards.
Mr McKee has served on the Board for 17 years, being appointed a Director on
16 March 1996.
In line with earlier advice to the market the Board received the draft
pre-feasibility report on the Talisman gold mine today. The Board expects to
release a summary of the report's finding in the coming days.
Mr McKee welcomed delivery of the pre-feasibility report and congratulated
the company's managers and advisers on bringing such a comprehensive body of
work together on time and on budget. "With my fellow directors I look
forward to studying the report over the long weekend. Subject to the detailed
findings and recommendations of the report I anticipate moving to the next
stage in the development of the Talisman gold mine within a very short time
frame" Mr Mckee said.
Matthew Hill
Executive Director
New Talisman Gold Mines Limited
:)Aus up 14% - action stations:)
New Buyer in at .020 NZ
Another 60000 bought over the top late at .021
Given the run up in the share price over the last few days do you think the good news is already priced in?
Quite possible, but this is a highly speculative share and anything could happen. You are the one with 10000 to spend I believe - wouldn't risk more than you are prepared to lose with this one or perhaps wait. If the euphoria dies off I'd pick some up a bit lower in the mean time and wait.
Except MBJ, you are forgetting the normal 5, 10, 20-bagger response that often occurs when a small junior explorer gets to the mining stage. In this case, the MCap is about 10mill for NTL. There is a possibility that there is 3Moz in the Talisman permit area. That's $6,000 million worth. Even at $200/oz inground valuation, the MCap would be $600mill, which looks like a 60-bagger.
Stepping back a bit and looking at the few hundred thousand ounces they're talking about initially, with probably a plan to ship concentrate to the nearby port, and the current interest looks well founded. Especially if they've figured out a way(s) to get the gold out relatively quickly, and for little real capital cost.
Good thoughts - perhaps mine are somewhat clouded by AOH on the ASX which has gone pretty well nowhere after entering production in Finland.
I have this strange feeling that NTL is going to be enormous but its probably gold fever. Of course there is the Congo connection and BPL to figure in yet as well - hmmmm, things are getting interesting - even the better half is listening with more concentration than usual
Just a point - where would the ore concentrate most likely go to if it was shipped out?
Disc: Holding NTL