Make or Break for NTL, page-3

Have any analysts yet run a DCF on 817 + 2,453 = 3,270M shares on issue.

At 0.5c, long run POG would need to be circa US$1700 to make that work, assuming NTL were to even actually be granted the operational approvals that they need.

Not trying to poor tepid water on anything, but to the concerning fellow who said they think this might be a multi bagger, do have a play with the numbers before you might do something you might regret.

Sometimes things look cheap on a long term chart, but that’s very often just ongoing devaluation through dilution and cash burn.

BK47, any Rahu operation would be years away yet maybe even a decade, if indeed they ever get resource consents (three years minimum), the funding for the Rahu JV will likely go to into exploration costs and multi year cash burn.
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