NTL - New Talisman Mine - New board & Directors

[nztx]

Have to like how the NTL board's fast moves fixed the posturing Jabawokies on the Casino board over yonder
in one swift shot

[Toddy]

Have to like how the NTL board's fast moves fixed the posturing Jabawokies on the Casino board over yonder
in one swift shot

Taken straight out of the Todd Hoffman Gold mining playbook. Off to the shareholders for more $$$$. Always keeps the regulators off your back and you get to buy more flash machinery.

[nztx]

Taken straight out of the Todd Hoffman Gold mining playbook. Off to the shareholders for more $$$$. Always keeps the regulators off your back and you get to buy more flash machinery.

Yeah, but what would Matty have done if things had run out of options, dough & time ? .. drive things into the nearest ditch, run away, abandon the show in the closing minutes ?

[Toddy]

Yeah, but what would Matty have done if things had run out of options, dough & time ? .. drive things into the nearest ditch, run away, abandon the show in the closing minutes ?

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?

[nztx]

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?

Indeed .. similarly ASX:SMI down Otago way

[Daytr]

The beauty of the concentrate is that it is easily transportable - even overseas if need be - so the risk of not finding anyone to do it is minimal. To set up a contract now without having the concentrate produced would be difficult. As the announcement said refiners are already interested. IMO the best route is to produce the concentrate and then tender to interested parties.

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.

Indeed .. similarly ASX:SMI down Otago way

Two very different propositions.

[Paint it Black]

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.

I very much doubt the Board would be going down a blind alley with this. Richard Tacon I'm sure with his mining experience and contacts knows what he is doing. But thanks anyway lending your experience.

[jonu]

I very much doubt the Board would be going down a blind alley with this. Richard Tacon I'm sure with his mining experience and contacts knows what he is doing. But thanks anyway lending your experience.

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

[Toddy]

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?

[Daytr]

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

Quite right it was 1 ounce per ton or 3% concentrate, still very low grade concentrate and that was producing concentrate underground.

The plan has now changed with a plant.
So we are all curious what that will produce.
We are all in the dark.