NTL new talisman gold mines limited

Ann: Half Yearly Report and Accounts, page-5

  1. 787 Posts.
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    6/6/19 this is what the CR said.

    "we now require funding to implement the upgraded mine plan. The planned production profile of the project provides for up to 8000 ounces of gold production over the next two years with an operational (excluding overhead) funding requirement of 1.5M NZD"

    2/7/19 Upon receipt of funds Mat Hill said:

    "The first tranche of funds raised is expected to allow the completion of metallurgical test work utilising the pilot plant and deliver the first physical gold produced from the Talisman mine by late September. Once test work is complete the pathway towards a larger capacity plant will be clear and procurement can commence".

    So by this statement, considering the main plant will not be operating in 2 years.
    The 8000 ounces of gold must come from the Pilot Plant that they had just had consent approved for, before the CR request.

    Anyone confident of 8000 ounces of gold produced by the mine by 2/7/21 ????
 
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