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Ann: Talisman Acquires 80% of Rahu from Newcrest, page-7

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SB1982

542 Posts.

25/09/17

09:59

Post #: 27431064
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Originally posted by robbo24 ↑

NCM drilled the LNY tenements adjacent to the Talisman and Rahu permits.

NCM did electromagnetic flyover of Rahu as well. Using all of NTL's data and NCM's data, they determined drilling targets.

NTL is going to drill those suckers - I think we're going to find that Talisman extends at a depth of around 400-500m, which is 100m-200m deeper than HGD/NTL drilled back in the mid 2000s.

Rahu could be a 3m ounce underground mine accessible by private access. Will be good times if it happens.

Remember, when NTL entered into the JV with NCM, NTL had an MCAP of about $5m-$6m. NTL has a lot more leverage now, and no doubt this will improve even further in the short term.

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Do we know how much NTL has paid/structure of the deal for this asset? I didn't see anything in the Ann.

NTL Price at posting: 1.9¢ Sentiment: Hold Disclosure: Held
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Ann: Talisman Acquires 80% of Rahu from Newcrest, page-7

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