NTL new talisman gold mines limited

Ann: Preliminary Half Year report, page-17

  1. 11,339 Posts.
    lightbulb Created with Sketch. 1885
    "Mean" is one word for it but you could also use "wrong" or "disingenuous". I don't think you're applying a legitimate valuation method.

    NTA doesn't really shed much light on the value that could be given to the company by the market. Apply the same metrics to a profit making gold company like MOY and you'll be similarly disappointed: http://www.asx.com.au/asxpdf/20160818/pdf/439dfdngm10vnf.pdf

    P/E doesn't really matter unless the company is making money. It's not making money. Even then, gold miners have a whacked out range of P/E anyway so it's not reliable.

    What you might want to do is consider the NPV of the Talisman project and perhaps even Rahu. Then perhaps even Talisman Deeps. The Talisman Scoping Study provided a rough NPV of $150m: http://www.newtalismangoldmines.co.nz/wp-content/uploads/2012/05/SX-Report-final-110412.pdf

    As for directors, give them a break they only just started. I met them both, they know a lot about the Talisman mine and the company. I'm sure they wouldn't be in their positions if they didn't want to be, particularly given the relatively light fees NTL pays. They are also both very friendly so you could probably just ask them

    I agree, if everyone had the same opinion of the stock it would be a very boring world indeed. However it's always good to apply some relevant metrics, I don't think you'll find a single stock on the ASX with a share price that in any way reflects the NTA.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.